If you hadn't noticed, land is hard to come by in a city like Toronto. So when a full one-acre property hits the market, we're all expecting a hefty price tag. "Today, one-acre parcels are virtually unheard of in the city of Toronto," said realtors Paul Maranger and Christian Vermast. So, when you consider the average price of land in Toronto is $135 per buildable square foot, $6.25 million isn't looking so outrageous. And in today's cooler market, there's no telling what kind of deal you could negotiate.