While Toronto’s Rosedale neighbourhood might not be as pricey as the more exclusive Bridle Path area, homes in this neck of the woods still often go for well over $10 million, with the average house selling for around the $5 million mark.
Even semi-detached homes in this affluent area typically sell for over $4 million.
In other words, it’s not often you find anything resembling a bargain in this neighbourhood.
The foyer.
But 111 Crescent Rd. is one of those homes that could be the opportunity of the year, if not decade.
A bedroom on the third floor.
This three-storey early 1900s heritage home just hit the market for the first time in over 60 years.
The large living room.
That alone should be a sign of how special this home is, but you’ll also be impressed by its potential.
A sitting room on the third floor.
Now, admittedly, this semi-detached seven-bedroom home could definitely use some updating in some places.
The kitchen on the main floor.
There’s brown wall-to-wall carpeting, only two bathrooms, and the main kitchen is smaller than one you’d find in most studio apartments.
The original stair banister.
The basement is also unfinished.
The living room.
But apart from that, the house is in great shape.
A study with built-in bookcases.
Since the home hasn’t been on the market since the 1960s, it thankfully hasn’t fallen victim to repeated renovations, and still retains much of its original charm and character.
Some of the original details.
111 Crescent Rd. still has tons of original features like stained glass windows, original hardwood floors, and original wood panelling.
The dining room.
It also has great bones should you wish to update the house more.
An ornate fireplace.
The house is very bright thanks to the fact it gets sunlight on three sides. It also has beautiful tall ceilings, big principal rooms, and so many cozy fireplaces.
The kitchenette on the third floor.
The home could also be turned into a duplex or multi-generational home, as there is a kitchenette on the third floor.
The front porch.
As for outdoor space, 111 Crescent Rd. sits on a very deep 165-foot lot and also faces the Alex Murray Parkette, which is actually named after the home’s owner, who was an urban and social change historian and a significant contributor to the South Rosedale community and the City of Toronto.
One of the balconies.
The home also features a walk-out deck and two very large balconies.
A bedroom with cork walls.
So, while right now the house is a bit tired and dated, in the right hands, it could be a masterpiece.
The kitchen opens out to the backyard.
And more importantly, it will undoubtedly be a worthwhile investment, especially considering semi-detached home values have gone up 20 or 30 per cent year-over-year.
The side of the house.
111 Crescent Rd. is listed for $3,395,000.
