This $4.5 million home in Toronto is selling for three times what it did 5 years ago

Five years ago, you wouldn’t recognize 17 Lakeview Avenue as the absolute stunner of a home that it is today.

In 2017, when the five-bedroom, two-bathroom home sold for $1.5 million, it had been owned by the same owners for 55 years.

To say the least, it was a combination of green and purple carpeting, dated wallpaper, and wooden wall panels, and one of the saddest kitchens you’ve ever seen.

The front entrance and the living room with a large bay window.

But the current owners saw its potential and bought it for more than $500,000 more than asked at the time.

17 Lakeview Avenue Toronto

The adjoining main bathroom.

They gutted and renovated it within an inch of its life and the result is a beautiful seven-bedroom, five-bathroom home.

17 Lakeview Avenue Toronto

A panoramic staircase.

“Every inch of this home is custom-built to the pinnacle of architectural design,” Eva Candusso said in the listing.

17 Lakeview Avenue Toronto

A floating vanity in the master bedroom.

The house was built by NSA Design Build and features top quality materials and imported finishes.

17 Lakeview Avenue Toronto

The kitchen is equipped with a Wolf gas range, wine fridge, SubZero fridge and other top of the line appliances.

The house is more modern in design with high ceilings, lots of natural light and clean lines. However, you can still see some of the house’s Victorian roots.

17 Lakeview Avenue Toronto

The dining room with a built-in bench.

The ground floor has an open concept layout with the living room, kitchen, dining room and family room all blending together harmoniously.

17 Lakeview Avenue Toronto

A room with a balcony.

On the second floor there are three bedrooms, including the master bedroom.

17 Lakeview Avenue Toronto

The master bedroom.

The master bedroom is complete with an adjoining four piece bathroom.

17 Lakeview Avenue Toronto

The living room.

On the third floor, there is a sitting area that leads out to a balcony that has a hot tub and a perfect view of the CN Tower.

17 Lakeview Avenue Toronto

The third floor balcony.

Usually you can only get this kind of luxury in a penthouse condo.

17 Lakeview Avenue Toronto

The home gym.

The basement includes a game room and a full-size gym that rivals boutique fitness studios.

17 Lakeview Avenue Toronto

The separate apartment in the basement.

There is also a kitchen and a bedroom there, so if you wanted to create a separate apartment, that would be simple. There is also a separate entrance.

17 Lakeview Avenue Toronto

The backyard.

The backyard is also impressive with lots of space, a gas fireplace and an outdoor kitchen.

17 Lakeview Avenue Toronto

The garage could be transformed into a lane house.

And if that wasn’t enough, there’s also the option of a lane house in the garage.

17 Lakeview Avenue Toronto

The family room which overlooks the backyard.

The home is listed for $4,498,000, nearly $500,000 less than first listed in May 2022.

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