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City officials said the collapsed foundation rendered the entire structure unsafe.
A close-up showing the damage to the home's foundation.
When Kyla Prashad and her husband started renovating their home in Toronto's east end, they hoped to finish the repairs themselves and re-sell the house for a modest profit.
Instead, the young couple is facing a $100,000 demolition bill after city officials labelled the house unsafe.
The couple, who have a young daughter, had yet to live in the two-storey house and invested tens of thousands of dollars into fixing it up.
To make matters worse, the couple was told that since they did the renovations themselves, insurance won't cover the tab to take the house down.
"This has basically been our dream, and it's all coming crashing down - and we have to pay for it (to come) crashing down," Prashad told CTV Toronto's Dana Levenson Tuesday.
During the renovations, the couple made some excavations in the home's basement, but heavy rains over the weekend led to flooding water that weakened the supporting walls.
On Sunday, the foundation walls collapsed in on themselves.
Now, only the front and back walls are holding up the house, and city officials say the entire home is completely unstable and must come down.
On Tuesday, a large gap was visible between the ground and the bottom of the home's side wall.
"The entire foundation wall of the building has basically collapsed into itself, and we have a building that's in an unsafe condition," a city official told Levenson.
The demolition was slated to start Tuesday morning, but was delayed until later in the afternoon.
Prashad, along with her husband Jason Carey, planned on using the profits from the sale to pay for the renovations and to clear some debt.
"I just hope that this is actually the right thing that's happening," said Prashad.
With a report from CTV Toronto's Dana Levenson
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