Two half-finished Toronto homes are being sold for $850K each

If you watch a lot of home renovation shows and think, "I could totally do that," well, here's your chance to put your money where your mouth is and salvage some half-built Toronto homes.

Back in 2018, 42 August Ave. was just your average four-bedroom, two-bathroom home on a generous 50-by-105-foot lot.

But somewhere between then and now, that single property got split in two, and construction began on a pair of modern infill houses.

The exterior of 40 August Ave.  

Fast forward to 2025, and the project has... stalled.

A future bedroom and bathroom. 

The two half-finished homes, located near The Danforth and The Beaches, are now on the market. Realtor Paul Pabla told blogTO their being sold under "power of sale" because the builders likely ran into some financial troubles. 

Another future bedroom. 

Structurally complete but otherwise empty shells, these homes have limitless potential if you're willing to shell out the cost of finishing the job.

The main entrance. 

The listing bills it as Toronto's version of a "choose your own adventure" story —except instead of picking between door number one or two, you're deciding whether to take on a construction project mid-chaos.

A view to the back of the property. 

On quiet August Avenue, both 40 and 42 are being sold together "as-is, where-is".

The second floor. 

The listing notes framing and foundation are done, but that's about it.

Framing and windows are in. 

The rest? That's all on you, whether you're a seasoned builder, a developer with vision, or an overconfident home-renovation show fan with big dreams and an even bigger credit limit.

A big picture window overlooking the street. 

Plans call for modern four-bedroom, four-bathroom homes designed for "today's lifestyle," which, let's be honest, probably means a waterfall island and too many pot lights.

The temporary staircase. 

But with building materials still sky-high and tariffs making renos pricier than ever, finishing these houses won't exactly be a budget-friendly project.

The open concept main floor. 

But hey, when it's done, you could end up with two designer-worthy dream homes in a family-friendly pocket close to downtown.

What will be the foyer. 

The only hiccup is that finished homes in the area are currently going for around $1 million, so you might be waiting a while to see that payoff.

The exterior of 42 August Ave. 

Each property is listed for $849,000 — down from the original $949,000 — and together they'll set you back $1,698,000.