Selling parts in ebay is a real hassle, and their fees take about 5% to 10% of your money after it's all said and done! Then you have to ship something like 15 items, after answering about 200 questions. Packing just a frame for shipping is not easy!

If you're in Toronto, $200 is too cheap - try for $300, let them talk you down to $250 minimum. Lightly oil the chain, make sure the tires hold air, and it shifts well. Nice find for $40! Use the $$ to get a bike your wife wants (a 3spd cruiser?).

Almost forgot - clearly give the size in the ad! What size is that anyway? If it's really small then it's a hard size to find. The tires are both 700C?