A tiny home for sale in Ontario is a rare find but a property now on the market offers beautiful views at a fraction of the cost of a Toronto condo — despite the recent drop in prices.

The tiny home at 5293 Grand Canyon Road in Port Stanley, near London, is poised atop the bluffs of Lake Erie.

The home is on the bluffs of Lake Erie.

On the market for $145,000 and described as "cozy", this home is only 180 square feet. The home is new, built in 2019, and in a quiet location at the end of a dead-end road.

A 180-square-foot home is for sale in Port Stanley.

The living room has epic views and an electric fireplace.

The living room has an electric fireplace.

Packed into the small kitchen are an electric stovetop, bar fridge and microwave.

The kitchen is small but has all the essentials.

There are no bedrooms but the home does have a loft and space for a pull-out couch for guests.

Climb the ladder to get to the loft sleeping quarters for the night. 

Like many tiny homes, this place has a compost toilet. There is room for a small sink and vanity but no mention of a shower.

There is a compost toilet in the bathroom. 

It could be a wonderful second home for weekend getaways, or since it's on a municipal road open all year round, it could even be a primary home.

The home is on a dead-end road.

All the furniture, supplies and decor are included in the price.

The $145,000 price tag includes all the furniture.

Although Ontario has released guidelines on building tiny homes, they aren't easy to find, as many municipalities do not permit homes under 500 square feet as the main home on a lot.