The 82-year-old home sits on a 50-by-215-foot lot.The Globe and Mail
50 Buckingham Ave., Toronto
Asking price: $4,369,000 (April, 2026)
Selling price: $3.8-million (June, 2026)
Previous asking price: $4.75-million (February, 2026)
Previous selling price: Not available
Taxes: $17,615 (2025)
Days on market: 64
Property days on market: 120
Listing agents: Nigel Denham and Penny Brown, Hazelton Real Estate Inc.
The main floor has a kitchen, a formal dining room and separate living and family rooms.The Globe and Mail
The action
This five-bedroom house sits on a 50- by 215-foot lot, far bigger than the average property in the Lawrence and Bayview area. It was listed at $4.75-million in February, and lowered by $381,000 in April, luring buyers with an appetite for building on, adding to or severing the land.
“Some more standard lots, 50 by 150 [feet], came and went in and around $3-million,” said agent Nigel Denham.
“This was a corner lot, but because it was 215 feet across Buckingham [Avenue], it gave potential owners the rare ability to build out a full secondary structure, coach house or garden suite.”
The work needed to modernize or replace the 82-year-old home, especially without a basement, intimidated many buyers. The seller, who knew that another oversized property recently sold below $4-million after a year, forged a $3.8-million deal with the architect buyer.
“We sold Buckingham for a large sum less than what we started at, but it was such a unique property, we had to start high,” Mr. Denham said.
“With any one-off property like Buckingham was, there’s always a bit of price exploration in any market, let alone a more difficult market we currently find ourselves in.”
The dining room has a fireplace.The Globe and Mail
What they got
This two-storey house has 3,718 square feet of living space, including an office on the second floor, five bedrooms and five bathrooms.
The main floor has a kitchen and a formal dining room with a fireplace, as well as separate living and family rooms.
There is a private driveway and an attached, double garage.
The Globe and Mail
The agent’s take
“It’s quite original, but well cared for,” Mr. Denham said. “One of the unique features of the house was it was built on slab, so it had no basement.”