Toronto duplex hits market for more than $100K less than 2020 sale price

In Toronto, homeowners spent much of the last decade bragging about how much their property values had increased. Lately, though, there hasn't been nearly as much to brag about.

Home prices have dropped, bidding wars have become less common, and houses selling for less than asking are no longer headline-worthy. In some cases, properties have even sold for less than they fetched during the pandemic-fuelled real estate frenzy.

And 1292 Woodbine Ave. could be another example.

An enclosed front porch/mudroom. 

The detached East York home recently hit the market with an asking price of $649,000 — notably lower than the $765,000 it sold for back in 2020.

One of the bedrooms. 

Now, before bargain hunters start celebrating, it's worth noting that this could very well be one of those intentionally low asking prices designed to spark a bidding war. In Toronto real estate, list prices are sometimes less a prediction and more a marketing strategy.

The living room of the main-floor unit. 

Still, seeing a detached Toronto house listed for under $650,000 is enough to make people do a double take.

A bedroom or home office. 

And unlike some bargain-priced listings that turn out to be little more than a foundation with aspirations, this one is actually move-in ready.

The dining area and kitchen of the main-floor unit. 

The home has been extensively renovated and configured as a two-unit property, making it one of those increasingly rare Toronto listings that could appeal to a surprisingly wide range of buyers.

The bedroom of the upstairs unit. 

First-time buyers could live in one unit while renting out the other to help offset mortgage costs.

The upstairs kitchen. 

Multi-generational families could use the second suite for parents, adult children, or extended family.

Each unit has a washer and dryer. 

Or, if you've somehow managed to become wealthy enough to employ a live-in nanny in Toronto's economy, there's space for that too.

A bathroom. 

The current owners have also put considerable work into the property.

The main floor kitchen. 

According to the listing, the house was freshly painted in May 2026, new laminate flooring was installed this year, and the light fixtures were updated just weeks ago.

The back deck. 

The rear deck was reinforced in 2022, while the home also comes equipped with two stoves, two range hoods, two washer-and-dryer sets, a dishwasher, and a refrigerator.

The main unit entrance. 

The interior is bright and updated throughout, with modern finishes that spare buyers from having to budget for an immediate renovation.

A view of the backyard. 

But perhaps the biggest surprise isn't what's inside the house; it's the amount of outdoor space.

Plenty of green space in the backyard. 

The property features a generous backyard that's large enough for gardening, entertaining, or simply enjoying the increasingly rare luxury of having private green space in the city.

The upstairs unit. 

Location-wise, it's also hard to complain.

A dining nook. 

The bus stops directly outside the front door, the Don Valley Parkway is nearby, and Woodbine Station is just a short bus ride away. It's also minutes from the Danforth's restaurants, cafés, and shops, as well as the beaches, waterfront trails, and the sprawling Taylor Creek trail system.

The other bathroom. 

Whether the home ultimately sells anywhere near its asking price remains to be seen.

The back of the house. 

But even if the $649,000 figure is simply bait for a bidding war, it's not every day you see a detached Toronto house listed for less than it sold for six years ago — or for under $650,000 in a neighbourhood where detached homes can command well over $2 million.