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$1.1M Could Get You Some Good Bones in Parkdale

[Photos via Roncesvallesvillage.com]

Listing for $1,100,000, 29 Triller Avenue was once a great example of classic Parkdale architecture. Sitting on a huge 35x135sq.ft. lot, the single-family home has been split into four apartments over the years. Down on the main floor, it still has some of its original detail—stained glass windows, built-in leaded-glass cupboards, great hardwood floors with herringbone-laid edges, some cool original bathroom fixtures, and interesting tile in the main kitchen (which is huge!). As you go upstairs, though, it's pretty clear that this place needs work. A lot of work. These flats probably haven't been updated since they were first set up—look at those appliances—and the walls and floors are all in lousy shape. The gabled ceilings on the top floor betray a seriously leaky roof, too.

But even taking all that into account, there's a lot of potential here to turn this one back into a fantastic home—and if these apartments were modernized and brought up to code, there's also some serious income potential. Is this huge house with great bones, in a spotty-but-popular neighbourhood, worth putting some skin on?

· What Parkdale Used to Look Like in Toronto [blogTO]