$3.85M 'opulent McMansion' sits on the market in Toronto as longtime tenants displaced

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The transformation of a house in downtown Toronto – from a multi-unit with below market rent to a luxury single-family home – is not an anomaly. But rather, housing and legal experts say it is emblematic of why a housing crisis continues to grip the city.

about 140 Harrison, which stated: “The owners intended to renovate and move into the home. However, they’ve since changed their minds and are looking for a buyer with a taste for luxury.”

What was once a home basking with old school charm dating back to the 1800s, inhabited by tenured tenants, is now fully renovated for a “modern family,” built to “suit demanding taste and lifestyle,” according to its listing.A glass-walled staircase stands in the place of what were once wooden stairs adorned with an ascending red runner. Arched stained glass windows became rectangular black bordered panels, and white kitchen tiles were turned into smooth hardwood floors.

From her one bedroom unit in the attic she could see the CN Tower. The window with a view is still there, but now, her bedroom is a giant bathroom equipped with a soaker tub and heated floors.After packing up her art studio in the kitchen and plants beneath her skylight window, KT said she was unhoused for months before finding a new affordable unit.

“I could no longer think clearly enough to do my job. I was suicidal. I discussed assisted suicide with friends and family.”

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I would hardly call that a McMansion. I agree there is a housing crisis but this is not the problem.

In the decade her rent rose $70. Puny maximum rent increases will force people to stop having tenants. Long term tenants will only add to the housing crisis as homeowners convert back to single family houses.

Someone bought a house and is doing with it as they choose, why is this news? GARBAGEMEDIA

Taxes should be doubled or tripled on the vacant homes.

I don't believe for a second that the new owners ever planned to live in the home. Greedy flippers. The last thing needed in that neighborhood is multi modern homes.

This is not a mention.. sorry...than I live in a Palace Too many neighbors..no tranquility!!

that’s not a mansion in my eyes

1. What was the home owner paying in property tax while the units were being rented for $700? 2. No way it goes for anywhere near $3.8 mm. I’m guessing it sells for under $3.

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