Listed at 1 dollar primary probably to attract buyers who can cover the existing debt and finish the project. the site is beiung marketed as a offer for sale a unique development opportunity, for a partially built boutique development, featuring the preservation of key historical elements.
from the sales listing,
This 1.2 acre site offers a unique partially built development opportunity, featuring the preservation of key historical elements from the High Park Alhambra United Church, that make the building and several of the units exceptionally rare in the Toronto market. The Project comprises 70 condominium units which includes 4 townhouses, and 66 units of which 15 units are located within the retained church. The churchs placement alongside the new building will form an internal landscaped courtyard that serves as an entrance to the residential complex.
the site sits looking like this presently, 
