5 surprisingly affordable places to live in Toronto

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Determined to buy a place of your own in Toronto? We've scoured the real estate listings to find the five absolute cheapest options. Turns out there are several surprisingly affordable options in this city!

1. Ramshackle lean-to under the Gardiner Expressway

Cost: $44,800
Nestled under a section of the Gardiner overpass with the highest rate of unsolved homicides (including Scarborough!), this cute little fixer-upper is a dream for commuters. With plenty of running water when the storm drains overflow and a view of The Lake*, you'll be hosting board game nights in no time.
* "The Lake" is a fun local nickname for a vast lagoon of oil and sewage that has been slowly collecting under the Gardiner since 2002.

2. Rusty shed with nails that stick out willy-nilly

Cost: $58,000
Ah, island living! Located at the very end of the runway at Billy Bishop Airport, this shed is used as a temporary storage space for the flattened pigeon carcasses that are routinely found underneath the wheels of planes. Don't worry: a reasonable portion of the floor is free of blood and viscera. Enjoy beautiful walks to nowhere and the bone-rattling thunder of large passenger airplanes flying mere metres over your home-owning head.
And boy, looking for a place to hang up your jacket? Those nails jutting out this way and that will come in pretty handy!

3. Square patch of land barely large enough to stand on

Cost: $14,000
With a little imagination, this abandoned lot at Dufferin and King will quickly become your personal Taj Mahal. The roomy patch of compacted soil has space for both feet to rest comfortably. And it's barely contaminated by heavy metals from the once-proud smelting factory that is now just rubble and memories. As a bonus, any zinc found on the property is yours to keep!

4. Grave plot at Park Lawn Cemetery

Cost: $88,000
Are you an introvert who craves peace and quiet? A cemetery plot at Park Lawn might be the best choice for you. The roomy 7x5 foot plot is perfectly designed for a human body, or two big boys. When the Toronto summer heat gets to be too much, dig down into the cool earth for some sweet relief. Just remember: rats love the shade as much as we do. Perhaps more.
As a bonus, if you die in your sleep there are still some great schools in the neighbourhood and your unexpected death doesn't change that fact.

5. Three kilometres offshore Lake Ontario

Cost: $117,800
One quarter of a mile below the surface of Canada's most polluted lake lies this beautiful shipping container embedded in silt, which fell off a merchant ship in the early 2000s. Your friends will cheer like a tugboat full of escorts from NOW Magazine when you invite them over for chips and dip.
Listen, no one has ever breached the shipping container and there is no evidence that it is watertight, so give some thought to what truly matters to you in life before you commit to this purchase.