From Hoarder's Haven to Dream Home: Toronto Property Skyrockets in Value After Extensive Renovation

A once-neglected Victorian townhome in Toronto's historic Corktown neighborhood has undergone a dramatic transformation, nearly tripling its value after a meticulous two-year renovation. Purchased in 2020 for $915,000, the property, which was in such disarray it couldn't be viewed before purchase, has now hit the market for $2,498,000.

Key Takeaways

• A two-year renovation transformed a hoarder's house into a luxury three-plus-one bedroom, two-and-a-half bathroom home.
• The property's value increased from $915,000 to $2,498,000.
• The renovation included gutting the home, underpinning and expanding the basement, and adding custom finishes.

A Challenging Beginning

The property's journey began when new owners purchased it sight unseen in 2020. Described as a "hoarder's house," the home required professional cleaning by hazmat teams before any renovation work could commence. This challenging start set the stage for an ambitious overhaul.

The Renovation Process

Partnering with Maia Legacy Builders and design firm Ancerl Studio, the owners embarked on a nearly two-year renovation. The entire house was gutted to the studs and reframed. A significant undertaking involved underpinning and expanding the basement, adding two new rooms and increasing ceiling height to eight feet. Throughout the home, custom furnishings, built-ins, and artwork were integrated, all of which are included in the sale.

Interior Highlights

The main floor features heated, polished concrete flooring and a bespoke dining area with a walnut veneer bench. The living room boasts an ethanol fireplace surrounded by travertine and a concealed entertainment unit. Upstairs, a slender catwalk connects bedrooms, with engineered white-oak hardwood stairs. The kitchen is equipped with JennAir appliances and a sliding walnut panel to conceal the cooking area. The primary suite occupies the entire third floor, featuring a custom walnut headboard and a Juliet balcony. The luxurious primary washroom includes dual travertine sinks and a spa-like shower and tub area.

Basement and Backyard

The transformed basement now offers a spacious rec room with heated concrete floors and an additional room that can serve as a guest bedroom or playroom. The backyard has been enhanced with an outdoor sound system, concrete pads, stonework, and a pergola.

Neighborhood Appeal

Located in Corktown, the home is situated in a vibrant neighborhood with a mix of residents. Its proximity to new developments in Regent Park, natural areas like the Don Valley, the historic Distillery District, and numerous bars and restaurants adds to its desirability.

Key Takeaways

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