House of the Week: $1.4 million for a Corso Italia home with a long-term tenant
House of the Week: $1.4 million for a Corso Italia home with a long-term tenant
Address: 40 Lauder Avenue
Neighbourhood: Corso Italia
Agent: Todd Colter, Royal LePage West Realty
Price: $1,439,000
The Place: A brick and stucco Arts and Crafts–style home just north of Davenport, near Dufferin.
The History: The sellers believe this home was built around 1920. It has an original (and working) wood-burning fireplace on the main floor, along with some original leaded-glass windows. A renovation 15 years ago added modern conveniences, most notably a second-floor laundry room, which should save the buyer some back-breaking trips up and down the stairs.
Big Selling Point: The third-floor loft space is bright and airy, and it has a working, gas-burning fireplace. It could be turned into a spacious master suite. Also, the house comes with a basement tenant who has been there for seven years, pays $1,200 a month and would like to stay.
Possible Deal Breaker: Though the second-floor bathroom looks roomy, it could use some upgrades—particularly to the shower.
By the Numbers:
• $1,439,000
• $6922.81 in taxes (2015)
• $1,200 a month in potential rental income
• 5 bedrooms
• 2 bathrooms
• 1 wood fireplace
• 1 gas fireplace
Read More
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- The Arts and Crafts–style home was probably built around 1920.
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- The living room's leaded glass and wood-burning fireplace give it a formal look.
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- The dining room has more of those leaded glass windows, and it could fit a larger table than the one shown here. Double glass doors lead to the sitting room.
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- Someone is going to have to put so many coats of paint on these walls to get them looking neutral again. (The red goes with that sofa, though, for sure.)
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- The home was renovated about 15 years ago, leaving the kitchen in good shape. The glass door to the left leads to the backyard.
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- There are four bedrooms on the second floor of the house. This one is being used as an office.
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- Another bedroom.
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- This bedroom has a nice wall of windows.
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- And here's the master bedroom, with wrap-around windows.
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- Some new tile and a glass shower door would probably help this bathroom a bit.
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- The last round of renovations included the installation of this second-floor laundry room, perfect for people who hate negotiating stairs with baskets full of clothing.
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- The third floor is currently a loft area, but it could be converted into a master suite.
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- There's a hookup for a gas barbecue on the deck.
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- And here's the backyard, with plenty of room for a garden.
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 wood-burning fireplace on the main floor, along with some original leaded-glass windows. A renovation 15 years ago added modern conveniences, most notably a second-floor laundry room, which should save the buyer some back-breaking trips up and down the stairs.
Big Selling Point: The third-floor loft space is bright and airy, and it has a working, gas-burning fireplace. It could be turned into a spacious master suite. Also, the house comes with a basement tenant who has been there for seven years, pays $1,200 a month and would like to stay.
Possible Deal Breaker: Though the second-floor bathroom looks roomy, it could use some upgrades—particularly to the shower.
By the Numbers:
• $1,439,000
• $6922.81 in taxes (2015)
• $1,200 a month in potential rental income
• 5 bedrooms
• 2 bathrooms
• 1 wood fireplace
• 1 gas fireplace
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” WHAT ” – You out of your skull ? – Why would anyone want to purchase such an old broken down house with unhealthy installation, eh ? ? ?
Are you sure this address falls within the boundaries of Corso Italia?
I’d call this Regal Heights. Would need about $100,000 work to be nice.
So glad I bought my house early on in 2004. Its value has nearly doubled since then.
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strange design but looks nice