A WATERFRONT property on Toronto's Brighton Avenue has hit the market for the first time in 40 years.
The classic weatherboard house, known as 'Tui-Pah', at 25 Brighton Avenue is expected to reach bids upwards of the "high $2 million" mark when it goes to auction on December 15.
"It is a difficult one to price and certainly I would think we would get into the upper $2 million range," selling agent David Magin from LJ Hooker Toronto said.
"Whether it gets to $3 million is another matter but I would certainly think that it would be upward of $2.5 million."
The home's owners purchased the property in 1982 for $140,000.
In the decades since they bought in the area, properties on absolute waterfront along Brighton Avenue have sold for huge figures.
The record price on the street for a waterfront home is $4.7 million paid for a modern four-bedroom home at number 149 in March this year.
In October 2022, a dilapidated house directly on the waterfront sold for $2.2 million at number 141.
The property at number 25 dates back to 1920 and has three oversized bedrooms, two bathrooms, a sun room and two living areas.
A covered outdoor verandah with access through French doors from the kitchen and dining room offers views across the lake.
An update of the kitchen stays true to the heritage of the house while an abundance of windows allows natural light to flow into the kitchen and dining area.
Period features include two working Edwardian fireplaces, original polished timber flooring and Edwardian/Art Nouveau fixtures and hardware throughout including the lights, windows and locks that retain the classic feel of the home.
"The nice part about it is that internally it has been really, really well looked after," he said.
"It is very faithful to the area of the home.
"The owners have done works to it over the years but it has been kept in a style so that it all looks original."
Updates by the owners include the addition of an ensuite connected to the main bedroom.
"They have also enclosed a verandah but, again, kept it very much of that era," he said.
"The furnishings they have in the home and all of the fixtures and hardware present as a home that looks as though you are stepping back in time.
"They have stayed true to the home even to the point that they installed ducted air conditioning that doesn't stand out because it is underfloor venting.
"It is certainly not out of place."
Set on 967 square metres, the house is situated on the shoreline of the sought-after Princes Bay and offers a sense of privacy, surrounded by established gardens and towering palm trees.
The waterfront also offers safe mooring potential.
"It has a very private setting and a feeling of seclusion," he said.
"The block is very slightly sloping down to the waterfront and they have a little bit of height which enhances the view."
As for the name of the property, Mr Magin said they are yet to discover the meaning behind 'Tui-Pah'.
"Nobody really knows the story behind that," he said.
"I tried to look it up but we don't know where the name came from.
"That name was on the house when they purchased it and that name had been on there since it was built or certainly for the last 60 or 70 years or more."
Mr Magin said the owners are selling to move to the South Coast.
The property is open for inspection on Saturday at 1pm and Wednesday at 4pm.
