Notice the 'high' prices: this is because this neighbourhood is in high demand because urban living seems to be cool again
'with the kids'. But back in the 1960s, '70s, and '80s the prices were much, much lower because all the 'cool kids' (WASPs) were flocking to the then-new suburbs and leaving the dirty city for the immigrants (Poles in the case of Roncesvalles; Little Portugal is the next area over, and Little Italy next to that). Since the late-1990s urban living started becoming cool again. Of course such urban/walkable neighbourhoods aren't built any more, so a finite resource gets its price bidded up.
So I guess your point is you can buy just as much square footage in the city, provided an unlimited budget.
Nice to live in a world where a $2M house is a normal home price. I definitely don't live anywhere near that. So for me to live in that kind of an area, I'd probably need...a much smaller house and probably a shared wall.
You may be surprised to find out but the house we're talking about isn't in the US.
Also, just curious, what does a 2,700sqft single family house in London go for? Or Copenhagen? Or other very walkable European cities? Super cheap because they're not the US I presume?
* https://juliekinnear.com/toronto-houses/51-geoffrey-street/
Currently for sale in the same area:
* https://www.properly.ca/buy/home/view/JHfk2xo4TU6BZrfBk2c3gw...
Notice the 'high' prices: this is because this neighbourhood is in high demand because urban living seems to be cool again 'with the kids'. But back in the 1960s, '70s, and '80s the prices were much, much lower because all the 'cool kids' (WASPs) were flocking to the then-new suburbs and leaving the dirty city for the immigrants (Poles in the case of Roncesvalles; Little Portugal is the next area over, and Little Italy next to that). Since the late-1990s urban living started becoming cool again. Of course such urban/walkable neighbourhoods aren't built any more, so a finite resource gets its price bidded up.