If you haven’t been stuck under a rock for the past several years, you likely know just how astronomical Toronto house prices have gotten.

But fortunately, it’s still possible to buy a house for under $230,000 in the inner city. Yes, you heard right: A house in Toronto, close to a subway station and walking distance to some of the city’s best neighbourhoods, for the very reasonable price of $229,000.

The catch? It’s about the size of a toolshed in a typical suburban back yard.

The house at 30 Hanson Street on the city's inner east side is some 189 square feet in size, roughly half the size of an average two-car garage. But it fits three rooms -- kitchen, living and one bedroom. And the realtor boasts it’s “cheaper than a condo.”

That it is. The average condo price in Toronto was at about $430,000 last month, according to RealNet, though that’s down about 1.6 per cent from a year earlier. But compared to the average price of a stand-alone house in Toronto — about $645,000 at last count — this place is a steal.

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  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • 30 Hanson St., Toronto

  • ALSO ON HUFFPOST: THE WILDEST, MOST EXPENSIVE 'COTTAGES' FOR SALE IN CANADA

  • Alberta foothills: $12 million

    This house in Rockyview County, Alberta, comes with five bedrooms and nine bathrooms on 13,000 square feet of living space. That includes a two-story library, a six-car garage and an 18-seat movie theatre.

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $12 million

  • Alberta foothills: $5.9 million

    Seven bedrooms in this 9,000-square-foot house in Pincher Creek, Alberta. The realtor describes the property as "perched nearly 900 feet above Highway 3 as you enter [the] captivating Crowsnest Pass." There are no fewer than four fireplaces on the property, and the sellers promise "world-class fly-fishing, skiing, and hiking."

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta foothills: $5.9 million

  • Alberta Rockies: $12.7 million

    Located just outside of Canmore, Alberta, this property features six bedrooms and 10 full or partial bathrooms on 7,500 square feet. "Features include the great hall with towering totem poles ... a hidden staircase leading to the stone wine grotto, massive wood-burning stone fireplaces, a two-storey library, an opulent kitchen, a lavish formal dining room, designer furnishings and fabrics, a passenger elevator, a 'Chauffeur's' quarters, a lower level theatre room and a large games room," the seller boasts.

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Alberta Rockies: $12.7 million

  • Bay of Fundy Private Island: $4.7 million

    This "fortress-like preserve" is located on one island in a chain of five about 20 minutes' boat ride from the Nova Scotia coast. The tide rises some 45 feet in that part of the world, and when the tide's out the island is surrounded by a red sand beach. The central residence has six bedroom and three bathrooms, and is linked by a network of walkways to "satellite bedroom cottages" spread across 10 acres of land.

  • Bay of Fundy Private Island: $4.7 million

  • Bay of Fundy Private Island: $4.7 million

  • Bay of Fundy Private Island: $4.7 million

  • Bay of Fundy Private Island: $4.7 million

  • Bay of Fundy Private Island: $4.7 million

  • Georgian Bay: $5.5 million

    This hybrid of an Ontario cottage and a James Bond supervillain's lair is embedded onto a rocky island in Georgian Bay. The open-concept octagonal cottage features six bedrooms, five bathrooms, a games room and three separate cabins.

  • Georgian Bay: $5.5 million

  • Georgian Bay: $5.5 million

  • Georgian Bay: $5.5 million

  • Hudson, Quebec: $5.95 million

    Hudson might just qualify as a suburb of Montreal these days, but this palatial property's pool (complete with pool bar) and ice rink make it a great option for outdoorsy types. Ten bedrooms and six bathroooms in the main building.

  • Hudson, Quebec: $5.95 million

  • Hudson, Quebec: $5.95 million

  • Hudson, Quebec: $5.95 million

Just to give you an idea: The same amount of money will buy you a swanky, modern two-bedroom house in Winnipeg, or a six-room apartment in an elegant building in Montreal.

And the property tax bill on 30 Hanson? $168 per year.

BuzzBuzz blog is reluctant to call this the smallest house in Toronto, since there are other contenders. But it does appear to be the smallest house on the Toronto market right now.

For members of the Tiny House Movement, this place is ideal. But would you ever move into a house this small? Let us know in the comments section.