You can now apply to purchase a very rare house on the Toronto Islands Toronto TorontoIslands TorontoRealEstate RealEstate
Opening today, Oct. 4, until Nov. 1, the list is a requirement for potential purchasers of island homes and land leases.
This very rare list only opens once every two years and can only hold 500 names, meaning if sometime in the far future you want to live on the island, now is the time to set your plan in motion.When an island home and lease comes up for purchase, the first 150-200 listings are notified by the trust of the offer. Though buyers are normally found within the first 100 names, properties have been bought as far down as the 196th listed name.
"While the Trust cannot predict sales on an annual basis; we anticipate that we will sell an average of one to two houses per year. In addition, over the past few years, an average of 15 to 20 people each year have not renewed their place on the list," according to the island website.
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