Faced with a $750-million repair backlog, the Toronto Community Housing Corporation (TCHC) recently put a slew of its well-worn properties up for sale. Read on, renovators, and scratch that DIY itch in some desirable east-end areas.
Asking price: $485,000
The draw: Minutes from Donlands subway station, this semi has three decent-sized bedrooms and nice hardwood floors. It’s close to schools, parks, and even the easterly outpost of Pizzeria Libretto.
The catch: “The kitchen and bathroom need renovations, and the roof is in mediocre shape,” says Leonard Fridman, the realtor selling all 46 TCHC properties with his brokerage partner, Matt Elkind. The closets are small, too, and the entire place could use a new paint job.
90 Chatham Ave.
Asking price: $570,000
The draw: New paint has already given this three-storey, four-bedroom semi a significant facelift, it’s got a small backyard, and it’s within walking distance of loads of great little bakeries. All that, plus the Canadian TV nostalgia factor of the street itself.
The catch: The home needs a total gut job: A history of leakage from the second-floor bathroom means all of the drywall has got to go. It’s been a long time since the basement saw any love at all, and there’s no private parking.
81 Degrassi St.
Asking price: $499,000
Sold for: $580,000
The draw: Location-wise, this Victorian rowhouse is unbeatable, with a clear view of the green expanse in front of the Jimmie Simpson Recreation Centre (where pool time is free!). A tall fence separates the leafy backyard from the home’s laneway parking spot.
The catch: To start, mold in the tiny second-floor bathroom. Losing one of the three wee bedrooms in favour of more closet space in the other two and adding a bigger, ventilated bathroom would modernize the house a bit.
257 Booth Ave.
Asking price: $530,000
The draw: There’s plenty of space in this three-bedroom semi—the smallest bedroom measures 115 square feet. It’s in better condition than most of the homes on this list and even has a finished basement.
The catch: The kitchen and bathroom need full renovations, and some doors and windows should be replaced. Think about installing a more robust back fence—the yard faces both an alley and a daycare playground.
93 Empire Ave.