A tiny Toronto bungalow tripled in value after a modern rebuild

Toronto real estate math doesn't always math. But sometimes, it absolutely multiplies.

Back in 2017, 18 Mitchell Ave. — a modest three-bedroom, 1.5-storey semi-detached house tucked in West Queen West — sold in "as is" condition for $1,175,000.

It was the kind of property the realtor described as "an incredible opportunity," which was code for "needs to be demolished." 

The kitchen with floor-to-ceiling windows. 

Fast-forward to 2026, and that same address is now a fully detached, three-storey architectural showpiece. That's not just a renovation. That's a full-blown real estate glow-up.

The lower-level recreation room. 

Now only seven years old, the rebuilt house spans four thoughtfully designed levels and feels far more like a custom urban retreat than a former bungalow.

The main floor with herringbone wood floors. 

The exterior blends native stone, warm cedar, sleek metal, and brick in a way that manages to look modern and striking without screaming for attention.

The open living and dining area. 

Inside, expansive windows pour natural light into the sunlit living room, giving the main floor that bright-and-airy energy.

The sunny kitchen. 

The layout is open but defined enough to feel intimate and fluid enough to host without awkward furniture shuffling.

Sleek cabinetry in the kitchen provides a minimalist backdrop. 

The kitchen leans unapologetically high-end. Molteni & C cabinetry anchors the space, paired with Gaggenau and Bosch appliances. Artemide chandeliers elevate the mood overhead, and built-in speakers are ready to soundtrack everything from weeknight pasta to full-blown dinner parties. 

A bedroom. 

Upstairs, you'll find three spacious bedrooms, each with its own ensuite. 

The indoor-outdoor flow on the main floor. 

The indoor-outdoor connection is another standout feature of 18 Mitchell Ave.

The backyard. 

A professionally landscaped garden transforms into a softly lit urban sanctuary at night thanks to a custom external lighting system and Rainbird irrigation.

The rooftop terrace. 

There's also an 880-square-foot rooftop terrace. It's private, expansive, and ideal for summer entertaining... if summer ever arrives.

The primary bedroom. 

Tech-wise, the home is packed. There's a full UniFi ecosystem with eight security cameras and NVR, a doorbell system with package camera, mesh WiFi, secure EV charging, and a Dreamwall router system. There's even a Beam central vacuum system for good measure.

The primary ensuite. 

And in a very 2026 twist, realtor Dimitry Berezovsky shared that the home runs on an Apple HomeKit ecosystem described as Google-free, Meta-free, and ad-free, which is great for anyone who would rather not have their fridge reporting back to Silicon Valley.

Views of the CN tower from the rooftop terrace. 

And location-wise, 18 Mitchell Ave. is top tier. It's on one of those rare east-west, one-way streets that feels peaceful while sitting in the middle of everything West Queen West has to offer. 

A bedroom that was transformed into a small gym.

Listed for $3,400,000, the home has already seen a significant price cut from its original $3,800,000 ask, a subtle nod to a market that's been recalibrating.

The basement offers an extra bedroom. 

Still, tripling in value since 2017 is no small feat. Of course, this isn't the same house that sold for $1.175 million — it's bigger, detached, and entirely reimagined. I guess it really was an incredible opportunity afterall. 

The third floor with access to the rooftop terrace. 

And if you're not quite ready to commit to $3.4 million, it's also available to rent for $11,000 a month.