These are all very excellent comments, they're helping me a lot.
I live in Ottawa, Canada's Capital. Around here you don't see these bikes, so I was shocked to see one for sale. I suspect they're rare in lots of places, that's why people buy them on ebay and pay the high prices to ship them!
I talked with the seller and he knows all about ebay and parts prices, but he says he's too busy to deal with parting the bike out or restoring it right now. He says he's restored two before. I asked him if this was his parts bike, he denied that. He said he bought it a while ago and did nothing to it, now he's decided he doesn't have the time. I know he's into Triumphs and 3-wheeled VW motor bikes and stuff like that too.
I don't think I'd restore it, just fix it up a bit to get it running and driving. If I found the motor was bad or something catastrophic, then I'd part it out I guess, but I don't really have the time either! Ebay is all fine and dandy, but very time consuming, as I'm sure you all know. I've done my fair share.....half of my inheritance is in rubbermaid bins in my basement in the form of antiques, jewelry, collectibles, dolls, etc.......ebay knows me well.
He's asking $450 Canadian. I think that's a little high, but he says he has some spare parts that I think he'll throw in. If I can get it for $350 I'd be happy, $400 I'm not too sure if I want to pay that. He might be reading this forum for all I know!
I'd likely park the bike in my garage until I'm done getting my CT70 working properly, done building the addition on my house, and done changing the motor in my Barracuda...lots on the plate. Why do I think I need a little bike too? I must be insane...