That almost impossibly tiny house in Toronto that we reported on last month has found a buyer after just three weeks on the market, though it sold for well below asking price.

The property at 30 Hanson St. on the east side of Toronto’s inner city got a lot of publicity on real estate sites and blogs as an example of just how tight the city’s housing market has become.

So tight, in fact, that a house the size of a typical backyard tool shed went on the market for $229,000, enough money to buy a large suburban home in some Canadian cities.

But it sold this week for $165,000, the National Post reports, a good 28 per cent below asking price.

Realtor Paul Vallis says he had a hard time figuring out the right asking price.

"How do you price a property that doesn’t have anything to compare it to?" he asked.

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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

All the same, $165,000 is a pretty penny for three small rooms in a house that is a grand total of 189 square feet.

And the new owner of this property isn’t the only one who’s going to have to get used to living in cramped quarters. According to BuzzBuzzHome, the average size of a Toronto condo has fallen once again, and now sits at 739 square feet.

Small, but that's four times the size of the Hanson Street house.

And just a decade ago, the average resale condo in Toronto was 1,006 square feet.

Obviously this shrinking trend can’t go on forever, but if it goes on too long, that tiny house on Hanson Street might just start to look like luxury living.