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Home Home Improvement

The Ups and Downs of Alternative Housing: An Update on the GTA’s Cheapest Home

Mackenzie Scibetta by Mackenzie Scibetta
April 20, 2023
in Home Improvement, Interesting Homes, Toronto Real Estate
Reading Time: 4 mins read
Exterior of a red train caboose
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In 2022, the cheapest home in the GTA was purchased by an ambitious renovator, Laurel. Laurel already had experience refurbishing alternative housing, including a 1921 former school house, so the 250-square-foot caboose was supposed to be another exciting project to add to her accomplishments. However, she never expected the tiny home to pose such a challenge.

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“It’s hard to find a place that allows alternative housing. The tiny home movement is poised to take off amid the current rental and housing crisis. But people who want to do it are prevented from doing it because of zoning regulations,” said Laurel. Currently, the caboose is sitting in a lot in Milton as she tries to find land for the property.

  • Read: Unique Real Estate: Rule Over your Own Kingdom in this Castle for Sale in Ontario, Canada

One thing she knows for sure is that she doesn’t want to sell it. “It’s a really cool structure that’s a piece of history,” added Laurel. Though she never planned to live in the caboose full-time, she does have dreams of using it as a recreational property.

Despite these hiccups, her project hasn’t completely derailed. She’s pulled down the fake mirror on the ceiling – revealing the lovely original wood ceiling. She also pulled up the floor, took out the limo seats and added her own personal charms to the home.

Take a look at the before and after photos below.

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For those wishing to follow in Laurel’s tracks – or in this case train tracks – she has some words of advice. “For tiny homes, secure your land before you buy it. And for people who can afford it, a tiny house built to code is the way to go. There are all kinds of cool options out there on the internet – treehouses and shipping containers – but they’re just not allowed in most places,” said Laurel.

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Tiny homes require work, but the payoff can be worthwhile. Unlike traditional homes that require endless upkeep, monthly mortgage and insurance payments, tiny homes remove those obligations and free up a lot of time and cash.

Especially for people who want to live a life outside of the typical suburban dream, the tiny home community offers an affordable alternative. “When your living area is more restrictive, it makes you more mindful,” shared Laurel.

  • Read: Finding Your Dream Home: Which Home Type is Perfect for You?

Laurel also offered some wisdom that can apply to all future homeowners: “Do your research as much as you can. There’s always stuff that creeps up after you buy something, whether it be a tiny or traditional home.”

If you’re interested in starting your own dream home search, contact us today. Whether it be a caboose or a cabin, our experienced realtors are ready to help you find exactly what you’re looking for.

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Mackenzie Scibetta

Mackenzie Scibetta

Mackenzie Scibetta is a seasoned Content Marketing Specialist at Zoocasa, where she brings her expertise to the world of real estate. As a dedicated real estate writer, Mackenzie's primary goal is to equip home buyers and sellers with the most up-to-date market insights, enabling them to navigate their real estate ventures with confidence. Mackenzie's writing is characterized by its depth and breadth, covering a wide range of topics related to the real estate industry. From exploring the intricacies of mortgages to meticulously tracking and analyzing trends in local markets across Canada and the U.S., Mackenzie is known for her comprehensive and data-driven reports. Her commitment to providing valuable information is evident in the consistent quality of her work. Mackenzie's research and insights have earned her recognition from prominent media outlets. Her expertise has been featured in BNN Bloomberg, CTV News, the National Post, The Globe and Mail, and even The New York Times. These accolades underscore her position as a trusted authority in the field of real estate.

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