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House of the Week: 451 Woodfield Road

Posted by Staff / May 27, 2014

451 Woodfield Road451 Woodfield Road is a diminutive east side home that's a perfect fit for a small family on a condo budget. Only 2 bedrooms and 1 bathroom, you won't be left wondering how to fill space. But with the open concept plan, you can make the most of what you've got. The kitchen is renovated with a cottage-y feel, and looks over the main living area opening up the opportunity for entertaining, especially with the back deck ready for seating. Start grilling up some burgs and dogs, I'll bring the beer.

Though you may have previously thought this location was a bit of a no man's land as the bustle of the The Danforth tends to taper around Jones, new restaurants have livened this stretch of road considerably. Just a short walk away on Danforth, visit the Greenwood Smokehouse, Mother's Dumplings or The Wren, just to name a few. And The Only keeps serving up pints in classic and casual east side fashion.

451 Woodfield RoadSPECS

  • Address: 451 Woodfield Road
  • Price: $429,000
  • Lot Size: 1,225 ft2
  • Bedrooms: 2
  • Bathrooms: 1
  • Parking: 0
  • Taxes: N/A
  • Walk Score: 80
  • Notable Features
  • Location on a quiet street, with close access to nearby parks
  • Open concept, renovated kitchen
  • Large backyard

451 Woodfield RoadGOOD FOR

Property virgins. This house is ideal for a couple or someone rolling solo. The second bedroom could be used as a nursery or kid's room, but it's equally well used as an office or library. And the asking price clocks in at well under $500,000, a seeming rarity these days. Owning a livable house suddenly seems more possible!

451 Woodfield RoadMOVE ON IF

This home on a "budget" comes with drawbacks. No parking spaces to start. Only one bathroom, and an unfinished basement. And the small kitchen doesn't leave room for a dining table. You'll have to leave your entertaining for the summer when you can dine on the deck. Hey! No one said living in Toronto came cheap!

ADDITIONAL PHOTOS

451 Woodfield Road451 Woodfield Road451 Woodfield Road451 Woodfield Road451 Woodfield RoadRead other posts in this series via our House of the Week Pinterest board.

Writing by Isabel Ritchie

Discussion

55 Comments

ryan / May 27, 2014 at 08:07 am
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Seriously? No really, why would you ever buy that? Did anyone do the math? Maybe $299 999 on a crazy day. For what they want you could rent something twice as impressive for 50 years.
nice / May 27, 2014 at 08:21 am
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I think it's adorable.
Nev / May 27, 2014 at 08:36 am
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This is a "quiet street" if you don't mind the trains (GO and VIA) passing on the tracks mere meters away.
matts replying to a comment from ryan / May 27, 2014 at 08:42 am
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Umm, no you couldn't and this simple math shows it: $429,000/50 years = $8,580 per year which is $715 per month. Good luck with that.
Robert / May 27, 2014 at 08:48 am
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Rather buy a DT condo for that price. Location Location.
WD / May 27, 2014 at 09:21 am
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Hey Matts - guess you've never paid interest, land transfer, property taxes or maintenance.
mike / May 27, 2014 at 09:53 am
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Matts has never paid for any of the above, I know this because his name sucks!
Jess / May 27, 2014 at 10:21 am
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But why rent something 'twice as impressive', when you can own? Who are you trying to impress? And you don't think housing prices and rental prices are going to increase at all over the next 50 years?


50 years ago you could get a house in Toronto for under $50K.
Leafs / May 27, 2014 at 10:37 am
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Love everything EXCEPT for the Habs garbage can.
Ijustcleanedthekitchen / May 27, 2014 at 10:38 am
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What a depressing dump. There's nothing redeeming about this shack.
BobX9 replying to a comment from WD / May 27, 2014 at 10:41 am
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Hey WD - matts is also talking about renting. the things you mentioned pertain to buying. $715/month for 50 years would add up to 429K. if you factor in inflation on rent, then matts' point is even further supported
S replying to a comment from Robert / May 27, 2014 at 10:52 am
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The whole point is that some people don't want to live in a condo but want to live in the city. This is an affordable and quaint alternative. Personally, I prefer to live in a condo as well but I know many who don't want to but it's all they can afford in Toronto.
Wendy replying to a comment from BobX9 / May 27, 2014 at 11:00 am
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Yes and rents have gone up significantly in the past 50 years as well, which is exactly why many are choosing to BUY. When the price to rent is as high or higher than a mortgage for some its better to buy because they will make a profit.

429K is pretty reasonably priced in Toronto's current market.
Have none of you searched mls.ca lately? See how many homes you can find listed under $500K
Ray / May 27, 2014 at 11:02 am
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So your suggesting you can rent something for $750 a month that is more impressive than that house. NICE TRY?

$750-$1000 is what basement apartments go for these days. Nothing wrong with them but if you think you'll find something WAY MORE IMPRESSIVE for $750-$1000 a month your wrong.
Candice / May 27, 2014 at 11:09 am
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I bet this place well have a bidding war. I guess most people making comments don't know what the market is doing right now. This will go for more then asking for sure right now! Homes are hard to come by.
Rick / May 27, 2014 at 11:11 am
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Absolutely puny and over priced.

Idiots in Toronto need to educated better. When does $400+ K for a shack like this or a shoebox in the sky make sense? It doesnt.

Go ahead spend the money on this, make someone else rich... you will be the one(s) with a shit investment and in debt to the bank for a long, long time.

Pathetic anyone really has anything positive to say about this place. Just goes to show how stupid some are on this blog and that walk the streets of Toronto
Rick replying to a comment from Wendy / May 27, 2014 at 11:12 am
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You consider this a house?
Lou / May 27, 2014 at 11:16 am
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guyz, it's an investment, not necessarily monthly amounts. I pay $1.7K on my mortgage monthly (vs the $2k my rent was) and in 30 years I will have an asset worth at least $600K. The person renting for $2K for 30 years will have had a better location but be $60K poorer
Lou replying to a comment from Lou / May 27, 2014 at 11:17 am
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$720K poorer...
Wendy replying to a comment from Rick / May 27, 2014 at 11:23 am
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Yes I consider this a row house. The Everything is Bigger and Better in TEXAS ooops I mean Toronto has got to stop.

Who says this isn't the perfect house for a small family, single family, couple without kids.

When you travel the world you see that alot of people outside of North America live in smaller houses and manage to have 3-4 kids in them as well, yes its tight but its family. Does everyone need a house with excess rooms and 2-3 cars in the driveway?
Ron replying to a comment from Wendy / May 27, 2014 at 11:26 am
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Yes we need an excess of rooms so our kids don't need to share rooms like the used to. Everyone can have their own room with their own computer, TV and smart phone so we can stay in our rooms and avoid each other.

Ohh its also mandatory now for your house to have a Media Room, Man Cave, Office, Den, Sewing Room, Guys Garage, creative room,and a kids toy/play room.
Formerowner / May 27, 2014 at 11:26 am
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This was mine and my husbands first house back in 1996. We did a lot if the work that it still there, like the deck and the kitchen cupboards. If we still owned it, at the price we paid back then, we would have gotten a 443% return on our investment. It is a great little spot! We loved it as our first house...no condo fees and great curry only steps away! It is small, but well formed.
Formerowner / May 27, 2014 at 11:35 am
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...oh and outdoor space.. It has a 100ft lot, nice backyard too.
John Doe / May 27, 2014 at 12:07 pm
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Good luck renting anything similar in Toronto for under $2000.00/ month. Also, factor in the fact that renting a single family home offers no security whatsoever. The landlord can turn around and sell and any time. Which, in a hot real estate market, they will. Where are you then? Scrambling to find something else in 60 days. Trust me, I've been there. Owning is far better.
Kate / May 27, 2014 at 12:09 pm
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cute house; nicely done. Does require good neighbours.
A Good Neighbour / May 27, 2014 at 12:15 pm
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This neighbourhood is fantastic. Toronto's newest parkette and community garden, The Rail Garden, (with lots of social activity) is mere steps north of this house. Not to mention Monarch Park with skating rink and swimming pool. The article only mentions business on the Danforth but there are lots of great places just south along Gerrard, too.
Robert replying to a comment from S / May 27, 2014 at 12:38 pm
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Yes, I understand that, just pointing out my preferences. It was meant to be a little tongue and cheek to the naysayers regarding condos. One chooses were to live for the same reasons, details are not needed, it is a choice that pertains to your lifestyle. There is no wrong choice.
I am sure many people would just love this place, and as many that do not all related to their personal lifestyle.
Chris replying to a comment from Formerowner / May 27, 2014 at 12:42 pm
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I really like the kitchen cabinets!
bill replying to a comment from Wendy / May 27, 2014 at 12:53 pm
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Recently did a walking tour where one of the other participants asked why the semi and row house were so narrow. I mentioned that these homes were built over 100 years agao for and by people coming from the British Isle or Europe. They were huge to them a three stories all to themselves and their family.
Only in North America do we expect huge spaces, 3000 sq feet in field. But that is changing a the boomers move on and their children are starting out. Smaller spaces and more connection to the world around them outside their homes, just like Europe.
Somekid23 replying to a comment from Rick / May 27, 2014 at 12:53 pm
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"Idiots in Toronto need to educated better"

Oh, the irony.
dirtyenergy / May 27, 2014 at 01:23 pm
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No solar panels, no grey water usage, absence of windmills. Colour me unimpressed. What happened to living cleanly with minimal impact on Mother Earth?
Offset THIS replying to a comment from dirtyenergy / May 27, 2014 at 02:05 pm
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Living cleanly with minimal impact on Mother Earth is not on everyone's agenda, thanks.

Until the government makes it easier and cheaper for us to adopt cleaner living habits and leads by example, I will stick with the norm.
Jules replying to a comment from dirtyenergy / May 27, 2014 at 02:07 pm
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Well by living in a smaller house you are using less energy to heat, cool, wash, maintain! A WIN WIN FOR EVERYONE!
HABSFAN replying to a comment from bill / May 27, 2014 at 02:20 pm
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I like it! And I love the HABS bucket
HabsFan #2 / May 27, 2014 at 02:36 pm
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Great looking house. Why is everyone bitching about house prices, particularly this house price and lack of windmills etc inToronto? If you want more for your buck, leave the city. In fact, leave the province. I hear Nova Scotia has some great deals.
Rick replying to a comment from Lou / May 27, 2014 at 02:54 pm
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How does it feel to line the banks' pockets? What will 600K buy you in Toronto these days?? And if you think that property will increase at the same rate they have been for the past 10 years, you need to see your mortgage agent and stick your boot up his/her arse. You've been duped just like a majority of Torontonians that bought (not inherited) into living in the city with the dumbest people in North Amercia.

See what I mean? These idiots fail to use their mind and cream over the notion of living in an 80+ yr old dump. #staydumbtoronto
Alex replying to a comment from Rick / May 27, 2014 at 03:10 pm
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Yes there is a fee that you pay the back whenever you borrow money regardless of where you chose to live. You need to look beyond just the past 10 years, housing prices in the city have been on the increase for the past 50 years. My family bought its first home on the danforth in the 60's for $14,000 we've sold and moved many times since last time I saw that same house listed in was $600,000.

While the financials do come into play for most its not the only deciding factor, there's also lifestyle, work life balance, commuting.

Sure I could buy a bigger house with a bigger property in the suburbs but then I can also add the costs of a GO Pass, a TTC Pass, hours it takes out of my week travelling back and forth to work.

ALSO the demand for houses in the city goes up and up every year as theres no more room to build new houses, with anouth million people expected to make Toronto home over the next 10 years, I'd still say a purchasing a home in Toronto is a good investment.
Drew replying to a comment from HabsFan #2 / May 27, 2014 at 03:13 pm
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Agreed if your complaining about the prices that's fine, but they are what they are, if you want a better deal move further away from the city or into another province with lower taxes and lower house prices.

I'm guessing most of the people complaining on here are probably no where near buying a home anyway so they can whine and complain all they like but they have no impact on the market.
rob ford / May 27, 2014 at 03:31 pm
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Great little crack house
J. Edgar Buffet / May 27, 2014 at 03:38 pm
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If you lived in San Francisco and London or Hong Kong, you know that house prices will double in Toronto, at least. It won't be a straight line, but that's the future
BONSAI43 / May 27, 2014 at 04:42 pm
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KOOKOO KOOKOO!!!
Rick / May 27, 2014 at 11:00 pm
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THIS HOUSE IS 5 FT WIDE!?!? ARE YOU ALL DAFT???
Rick are you daft?? / May 28, 2014 at 05:32 am
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Land size is 12.25 x 100 ft this house is NOT 5 ft wide. Rick is daftly making things up to stir an issue that doesn't exist. You may have noticed a lot of houses in Toronto that are much longer than they are wide...
Kathy Ford / May 28, 2014 at 10:39 am
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I lived in a 13 foot wide crack house. Couldn't turn around. Found a new crack house.
Rick replying to a comment from Rick are you daft?? / May 28, 2014 at 10:48 am
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I'm sorry, are you visually impared? Now, with your eyes, focus in on the width of the house from the un-skewed outside pics.... the house floor space is 5ft wide. Your a plain idiot - waste your money on this please, because you deserve to live in a dump like this
Dafty replying to a comment from Rick / May 28, 2014 at 11:50 am
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Why don't you just read the listing instead of doing a cockeyed squint at a photo trying to figure and and guess about it out

FYI: 1 Meter = 3.28084 Feet.

Second level
Master bedroom 3.14 m x 4.91 m
Bedroom 2 2.36 m x 3.14 m

Main level
Living room 3.12 m x 3.8 m
Dining room 3.12 m x 3.8 m
Kitchen 4.08 m x 3.18 m
Get in while you can prices are only going to get higher and higer / May 28, 2014 at 12:08 pm
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Home affordability becoming a stretch, and likely to get worse: RBC

https://ca.finance.yahoo.com/news/home-affordability-becoming-more-stretch-worse-says-rbc-040923784.html
Iqbal kebab replying to a comment from Kathy Ford / May 28, 2014 at 12:18 pm
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The problem is that your crack is 5 ft wide.
Daniell / May 28, 2014 at 02:29 pm
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Still more than twice as big as the one bedroom apartment I'm renting now :)
Kathy Ford / May 28, 2014 at 04:33 pm
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Are toothbrushes included in the sale price?
Jeff / May 28, 2014 at 04:47 pm
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That seems about right Condo prices downtown for pre-built are about

Studio Starts at $199,900
1bedroom Starts at $290.900
1Bedroom + Den Starts at $344,900
2 Bedroom Starts at $472,900
2 Bedroom + Study Starts at $495,900
3 Bedroom / 2bedroom + Den Starts at $ 589,900


ALL THAT PLUS CONDO FEES.

Either way its a personal choice, some feel a condo is an absolute waste of money, some feel a small house is an absolute waste of money. Either way they cost about the same.
Kabul kebabs replying to a comment from Formerowner / May 28, 2014 at 07:57 pm
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formerowner, you said that the house is selling for 443% of what you paid in 1996, if I understood you correctly. If that is the case, you paid around $96K for it in 1996 which seems very low even for the shack it appears to be. Is that actually what you paid?
Earthweeps replying to a comment from dirtyenergy / May 29, 2014 at 11:38 am
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dirtyenergy was spot on. So sad, even with all the news on food availability I see no spot set aside for backyard chickens. Also where is the composter full of hungry worms? None in site. Another wasted opportunity.
Jon replying to a comment from Earthweeps / May 29, 2014 at 01:00 pm
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No Advertising Billboard on the roof? Could be an income potential. Another wasted opportunity.

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