From Hoarder's Haven to Dream Home: Corktown Property Nearly Triples in Value After Extensive Renovation

A remarkable transformation has taken place in Toronto's historic Corktown neighborhood, where a former hoarder's house, purchased for $915,000 in 2020, has been listed for $2,498,000 after a meticulous two-year renovation. The property, which was so dilapidated that buyers weren't allowed inside before closing, has undergone a complete gutting and reframing, resulting in a stunning three-plus-one bedroom, two-and-a-half bathroom residence.

Key Takeaways

• A two-year renovation transformed a former hoarder's house into a luxury property.
• The home's value has nearly tripled, selling for $2,498,000 after an initial purchase of $915,000.
• The renovation included expanding the basement, custom furnishings, and high-end finishes.

A Complete Overhaul

The buyers, who purchased the Victorian townhome sight unseen due to its condition, partnered with Maia Legacy Builders and Ancerl Studio to bring the property back to life. The extensive renovation involved gutting the house to the studs and reframing, as well as underpinning and expanding the basement to add two extra rooms. The result is a sophisticated home featuring custom furnishings, built-ins, and artwork, all included in the sale.

Interior Design and Features

The main floor boasts heated, polished concrete flooring and a bespoke dining area with a travertine-marble table and walnut veneer bench. The living room is enhanced by a Planika ethanol fireplace set in travertine and a concealed entertainment unit. Engineered white-oak hardwood stairs lead to the second floor, which includes a catwalk connecting bedrooms and a bathroom with terrazzo stone tile.

The entire third floor is dedicated to a luxurious primary suite, complete with a custom walnut headboard, floating end tables, and a spa-like ensuite bathroom featuring dual travertine sinks and a shower/tub area with white-gloss ceramic tile and rain showerhead.

Basement and Backyard

The basement, originally less than six feet high, was excavated to an eight-foot ceiling height, creating a versatile rec room or second living area with heated polished concrete floors. The renovated space also includes a powder room, a laundry area with stone countertops, and an additional room suitable for a guest bedroom or playroom.

The backyard has been transformed into an inviting outdoor space with an integrated sound system, concrete pads, stonework, metal-framed planters, and a pergola for shade.

Sources

• House of the Week: This former hoarder's home nearly tripled in value after a two-year renovation, Toronto Life.