Newly-renovated Toronto home is priced surprisingly reasonably at $750,000

While "affordable" and Toronto real estate haven't exactly been on speaking terms for a while, the current market slump is starting to suggest a bit of a shift.

Take 47 Eldon Ave. — a fully detached home in Danforth East — now listed for a kinda reasonable $749,999.

This 1.5-storey house last sold in 2025 for just $550,000, which means what we're looking at here is very clearly a flip. 

The living room with an electric fireplace. 

When it first hit the market in January 2026, the sellers aimed high with a $949,999 price tag. Since then, it's been on a bit of a rollercoaster — listed, de-listed, and re-listed multiple times — before settling at its current price.

The kitchen. 

Inside, the home has been fully updated with a clean, modern look clearly designed to appeal to the widest possible audience.

The front entrance and living room. 

The main floor is bright, finished with contemporary touches and luxury vinyl plank flooring.

An office overlooking the backyard. 

It's very "builder basic," but inoffensive — the kind of neutral that lets you move in without immediately planning a full reno.

The primary bedroom. 

The home offers three bedrooms and four bathrooms.

The finished basement. 

There's also a fully finished basement that feels like the real value-add.

The basement bedroom and ensuite. 

Downstairs, you'll find a large bedroom, a full ensuite, and its own laundry — essentially functioning as a self-contained suite that could work for extended family or as an income helper.

A newly renovated bathroom. 

But the real standout here might be the lot.

The driveway and backyard. 

At 21 by 129 feet, there's enough depth to start thinking bigger — whether that's a future garage, a laneway suite, or just finally having a backyard that isn't the size of a yoga mat.

The parking. 

And then there's the parking. Because somehow, this place fits four cars at the rear. 

Another bathroom. 

Location-wise, it's ticking all the right boxes. You're steps from Victoria Park subway station, close to Dentonia Park, and within easy reach of the Danforth's endless lineup of restaurants, shops, and general chaos.

Another bedroom. 

Which makes it a little surprising that it hasn't sold yet. 

Homes in this area are averaging around $973,000, and given how many times this one has been re-listed, it's safe to say the sellers are motivated.

New appliances and cabinetry in the kitchen. 

Could some of those renovations have been hastily done — and maybe hiding a few surprises? Sure.

The laundry room. 

But you're also looking at a detached home priced more than 20 per cent below the neighbourhood average. And with that kind of discount, you have a bit of breathing room to deal with whatever quirks come with it.

The back of the house. 

And in Toronto, that pretty much qualifies this house as a "deal".