Canadian Investors Look to LA, Where Some Celeb Homes Rival Inner-City Toronto

    The pool party-ready childhood home where actress sisters Dakota and Elle Fanning once lived is on the market in L.A. for $2.59 million US. Some Toronto        inner-city homes are rivaling the cost of celebrity pads in Hollywood. (zillow.com)

Some actors selling Hollywood homes for same price as family dwellings in coveted Toronto areas.

As if housing market prices in Toronto aren't discouraging enough, it hurts even more knowing a celebrity pad in Los Angeles can be comparable in price to some homes in the downtown core.

A Hollywood Hills house owned by Oscar-winning Dallas Buyers Club actor Jared Leto, for example, is currently listed for sale at $1.9 million US.

According to the listing by Modern Living LA, the four-bedroom, three-bathroom home is "hidden behind a quiet façade," has a recording studio and "a gorgeous lagoon-style pool surrounded by an expansive patio and lush mature landscaping."

    Actor Jared Leto has put his Hollywood Hills four-bedroom home up for sale for $1.9 million US. He'd have a tough time finding comparable luxury with         Toronto's escalating prices. (modernlivingla.com)

The list price converts to about $2.7 million Cdn, a wad of cash that wouldn't be enough to purchase the semi-detached, three-bedroom renovated home in Rosedale below.

This semi-detached Rosedale home, listed at just under $3 million CDN, is more expensive than a Hollywood Hills stand-alone house actor Jared Leto has put on the market in Los Angeles. (Realtor.ca)

You could find a roomy abode with that money in some of Toronto's other coveted neighbourhoods, like Parkdale or Leslieville. Minus the pool, built-in recording studio and tropical landscaping.

Source: For more view visit cbc.ca