This $5 million Toronto home hasn't been on the market since the 60s

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Chieftan News

Crescent,Toronto

In 1966, the average price of a home in the Greater Toronto Area (GTA) was just $21,360. Just keep that in mind since that was the last time 2 Chie...

In 1966, the average price of a home in the Greater Toronto Area was just $21,360.So quick math: if it was bought for the average price, that would be almost a 24,000 per cent increase on the investment.The family room has wood panelling and built-ins.The main floor has tons of natural light and plenty of character.From the terracotta tile floors to the wood panelling to the exposed brick and wood beams to the mid-century built-ins, there's more than enough charm to make you fall in love.

Also on the main floor is the kitchen, which is maybe the least exciting room of the house with the beige cabinets and dated white appliances.As for outdoor space, the backyard has a pool and lots of trees.But the $5.1 million asking might be a bit steep given the home needs a bunch of updating and they've already had to drop the price.

 

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