Is this rust a deal breaker?

2000 4runner 3rd gen
I was looking to buy a 4 runner and there is a nice one but I see this
Is it rusted or rotted out the frame ??

Note: I live in Montreal Canada. And seems like everywhere they use salt for the winter and every 4 runner I’m seeing is in similar shape, is any of this salvageable

the rest of the truck looks pretty good but is this spot a deal breaker, I’ve seen worse in my opinion in the area I’m living and not sure about it yet considering I’m planning on keeping the 4runner (when I get one ) for a very long time.
Let me know about it please. Thanks again my people’s

 

Run. This is not going to last a long time like you want.

 

Very long time and that 4R don't go together.

 

Walk away slowly as to not disturb the rust Gods. And definitely don't look back.

 

Big yikes. Surface rust can be handled, this needs a new frame. Chunks are literally missing.

 

Yep run oh my goodness

 

get out of dodge.....avoid this like the plague