Toronto home bought in the '70s for $64K just hit the market for over $1 million

Can you believe a downtown Toronto house once sold for just $64,000?

That's exactly what Gerry Gold paid for 6 Prospect St., a charming central Cabbagetown Victorian, back in 1978.

"I bought this house in 1978 and have been living here ever since," Gold told blogTO.  "Now that I'm in retirement, I'm planning to move to Delta Road Cottage," a renowned project he completed about 12 years ago with the help of Teeple Architects.

The front entrance. 

For architecture fans, Teeple Architects' portfolio is mostly academic institutional projects and multi-family residential projects, but Delta Road Cottage shows the firm's genius with smaller-scaled projects, and if you haven't seen it, it's worth a Google.

A stained glass transom and exposed brick walls add character to the main floor. 

Back on Prospect Street, the home itself is a treasure trove of classic character.

The main floor of the house. 

Listing agent Suzanne Lewis says what really sets the house apart is "the charm and character. The chunky staircase, the stained glass, the fireplace on the second floor and the very spacious rooms. Lots of features that are hard to find and also make Cabbagetown so special."

A home office nook at the front of the house. 

Built in 1890, the Victorian has nearly 3,000 square feet spread across three storeys, and every inch of it feels intensely, authentically Cabbagetown.

A bathroom on the first floor. 

"It's quirky in the most charming way," says Lewis. 

The dining area with a stained glass window. 

High ceilings, exposed brick, stained glass, and a wood-burning fireplace give the home a warm, sophisticated feel, while thoughtful updates keep it comfortable for modern living.

A bedroom. 

Lewis told blogTO that buyers are hungry for homes like this right now.

The family room. 

"There's a huge appetite for properties with authentic and unique character, and this home has that in spades. In a city that's modernizing quickly, a truly unique Victorian like this becomes even more valuable. It offers the space, the walkability and the craftsmanship that buyers can't replicate today." 

A living room. 

Upstairs, you’ll find a second living space and four generously sized bedrooms.

The basement. 

The finished basement, with eight-foot ceilings and a separate entrance, adds even more versatility, perfect for an income suite, creative workspace, or a cozy spot for in-laws or a nanny.

The garage. 

There's also a single attached garage — always a win in downtown Toronto.

A bedroom. 

The home sits on a quiet street across from an elementary school, surrounded by classic Cabbagetown architecture and just steps from Riverdale Farm, parks, cafés, restaurants, and transit.

The updated kitchen with stainless steel appliances. 

And while this isn't the first time 6 Prospect St. has been on the market, it is the first time it is seriously for sale. 

The primary bathroom could use a refresh. 

Lewis told blogTO that Gold had originally planned to downsize in 2022 when the house was listed for $1,499,999, but the pre-construction unit he purchased wasn't ready for occupancy due to major issues.

A bedroom. 

"We took Prospect off the market at that time," she explains. "We've recently come back and adjusted for market conditions."

A bedroom on the third floor with an exposed brick wall. 

After nearly half a century of ownership, this house is ready for its next chapter — quirks, charm, stained glass and all.

The laneway entrance to the garage and house. 

6 Prospect St. is listed for $1,289,000.