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
315074 The Arts and Crafts–style home was probably built around 1920. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-1-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-1.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-1.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-1/ toronto-house-of-the-week-40-lauder-avenue-1 0 0
315075 The living room's leaded glass and wood-burning fireplace give it a formal look. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-2-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-2.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-2.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-2/ toronto-house-of-the-week-40-lauder-avenue-2 0 0
315076 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. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-3-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-3.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-3.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-3/ toronto-house-of-the-week-40-lauder-avenue-3 0 0
315077 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.) https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-4-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-4.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-4.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-4/ toronto-house-of-the-week-40-lauder-avenue-4 0 0
315078 The home was renovated about 15 years ago, leaving the kitchen in good shape. The glass door to the left leads to the backyard. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-5-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-5.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-5.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-5/ toronto-house-of-the-week-40-lauder-avenue-5 0 0
315079 There are four bedrooms on the second floor of the house. This one is being used as an office. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-6-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-6.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-6.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-6/ toronto-house-of-the-week-40-lauder-avenue-6 0 0
315080 Another bedroom. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-7-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-7.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-7.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-7/ toronto-house-of-the-week-40-lauder-avenue-7 0 0
315081 This bedroom has a nice wall of windows. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-8-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-8.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-8.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-8/ toronto-house-of-the-week-40-lauder-avenue-8 0 0
315082 And here's the master bedroom, with wrap-around windows. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-9-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-9.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-9.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-9/ toronto-house-of-the-week-40-lauder-avenue-9 0 0
315083 Some new tile and a glass shower door would probably help this bathroom a bit. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-10-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-10.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-10.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-10/ toronto-house-of-the-week-40-lauder-avenue-10 0 0
315084 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. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-11-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-11.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-11.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-11/ toronto-house-of-the-week-40-lauder-avenue-11 0 0
315085 The third floor is currently a loft area, but it could be converted into a master suite. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-12-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-12.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-12.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-12/ toronto-house-of-the-week-40-lauder-avenue-12 0 0
315086 There's a hookup for a gas barbecue on the deck. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-13-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-13.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-13.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-13/ toronto-house-of-the-week-40-lauder-avenue-13 0 0
315087 And here's the backyard, with plenty of room for a garden. https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-14-150x150.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-14.jpg https://torontolife.com/wp-content/uploads/2015/05/toronto-house-of-the-week-40-lauder-avenue-14.jpg 1200 800 [] https://torontolife.com/real-estate/house-of-the-week-40-lauder-avenue/slide/toronto-house-of-the-week-40-lauder-avenue-14/ toronto-house-of-the-week-40-lauder-avenue-14 0 0
” 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