Who doesn’t love a good BOGO sale? Especially when it comes to real estate since there’s rarely a good deal in Toronto.
Now, 261 Johnston Ave. isn’t really a BOGO sale, but its backyard neighbour, 246 Florence Ave., is also up for grabs.
On they’re own, 261 Johnston Ave. is listed for $1,600,000, and 246 Florence Ave. is listed for $2,650,000.
The living room in 261 Johnston Ave.
Quick math; that would be $4,250,000 if you bought them individually.
The 261 Johnston Ave. kitchen
But, you could save a few bucks ($100k, to be precise), as they’re offering both houses together at a “deal” of $4,149,900.
246 Florence Ave. dining room.
That being said, is it a good deal? Maybe?
The living room in 261 Johnston Ave.
Both houses are pretty standard in terms of what you’d be getting.
The dining room in 261 Johnston Ave.
261 Johnston Ave. is a vintage, custom-built home with two bedrooms and two bathrooms. 
A basement office in 261 Johnston Ave.
It’s being sold in an “as is” condition as it needs some updating – namely in the kitchen and bathrooms.
The primary bedroom in 261 Johnston Ave.
But it’s a funky little house with exposed beams and retro wood panelling.
The backyard at 261 Johnston Ave.
The biggest selling point of 261 Johnston Ave. is the large backyard, which is beautiful.
The view of the back of 261 Johnston Ave. house.
It’s very lush with cherry trees, perennial gardens, and a grape-producing arbour.
The foyer of 246 Florence Ave.
As for 246 Florence Ave., it’s a larger, more modern house with three bedrooms and three bathrooms.
The kitchen in 246 Florence Ave.
The home is very ’90s but has incredible light with tons of skylights and huge windows.
246 Florence Ave.’s backyard.
It also has a very lovely backyard with perennial gardens, a massive fountain, three Paw Paw trees and bamboo.
The primary bathroom in 246 Florence Ave.
But let’s be real, the houses don’t matter that much in this scenario. It’s all about how much land you can get in West Lansing.
A bedroom in 246 Florence Ave.
If 261 Johnston Ave. and 246 Florence Ave. were combined, you’d have a massive 45 by 260-foot lot, which is spacious enough for you to build a pretty epic house or a little commune for you and all your best pals.
The sunny living room in 246 Florence Ave.
It could also be the perfect property for a multi-generational family that wants to live together but not “together” in the same space, which is what it has been for years, as realtor Christine Domina told blogTO.
Currently, the parents live in one house and the daughter and her family live in the other. There’s a gate between the backyards which allows to two families to visit eachother with ease.
The basement rec room in 261 Johnston Ave.
However, to update the multi-residential property, by either building new or renovating the existing homes, would be a substantial investment and it’s hard to tell if it would be worth it.
A bedroom in 246 Florence Ave.
Right now, on average, detached homes in Lansing go for just over $2 million but have sold on the high end for over $6 million.
The second bedroom in 261 Johnston Ave.
However, property values have been decreasing by about 4 per cent year-over-year.
The primary bath in 261 Johnston Ave.
So, it’s kind of a toss-up as to whether you’d make some money, break even, or even lose money on the property.
The front of 246 Florence Ave.
Regardless, if you’re gonna sell two homes together when one is in an “as is” state you should probably throw in a bigger discount than $100K. Just saying…
