Dear Urbaneer: What Do I Do With My Dated Bungalow? (Plus A Brief History On This Housing Type)

Corso Italia / Davenport, Dear Urbaneer, Junction / High Park / Bloor West / Swansea, Leslieville/Riverside, Little Portugal, Queen West, Swansea / High Park / Bloor West Village, The Danforth, Wallace/Emerson & Brockton Village, Wychwood / Humewood - Cedarvale

Welcome to this month’s installment of Dear Urbaneer, where I assist clients with their real estate queries. This time around, I provide counsel to a client who owns a 90-year-old Toronto bungalow and is preparing to sell. He wonders about the necessity and ultimately the return on investment of any changes or renovations he might undertake prior to putting this property on the market.


Dear Urbaneer:

My bungalow originally suited my personal needs but has ultimately served as an investment property for over a decade. Admittedly many of the building components are aging or have failed, and the décor is extremely dated. I’m considering selling soon and wonder if it is advisable to invest money in upgrades and/or renovations before I sell? If so, how do I get the best bang for my buck?


Best Bet For My Bungalow





Here’s my reply:


Dear Best Bet,

Excellent question! When you are preparing to sell your home, obviously the objective is to present it in its best light and optimum condition to garner a good price. But with your specific housing style in Toronto, its aging building components, and the fact the fixtures and fittings are dated (and a water leak has left a lot of the ceiling plaster collapsing) it’s appropriate to question whether it makes sense to invest capital or sell it in ‘as-is where-is’ condition for this particular type of dwelling.

Your two-bedroom, one-bath bungalow is a common housing style spanning from the 1920s through 1960s, not only in Toronto, but across Canada. Yours, located in Toronto’s Oakwood-Vaughan neighbourhood dates from 1927 and would have been constructed by one of the early suburban developers who were part of the building boom post-World War One. Let’s take a look at the history of Canadian bungalows and what your options are when you are preparing to sell yours.




The History Of Bungalows

The bungalow is a housing style that dots the streetscapes in both the city and the suburbs alike. Here are some interesting facts about how bungalows emerged and evolved in Canada.

Bungalows first came onto the housing architecture scene in Bengal, India in the 19th century, when India was under British rule. These single-storey, small footprint homes were initially built with the intention of becoming vacation homes; That is in part why the bungalow design often exudes a “cottage” feel. They were favoured largely because their small size and straightforward footprint could be built quickly and efficiently.

Over the years, this housing style gained popularity in the United Kingdom and then later in North America as an affordable, practical dwelling primarily marketed primarily to the working class. In Toronto, although there are some striking examples of Victorian cottage-like bungalows in Cabbagetown and Corktown, as well as several working-class bungalows located downtown near Trinity Bellwoods Park and in Little Portugal, one is more likely to see this housing type in the early working-class suburbs of the 1920s and beyond. Areas such as Swansea, South Kingsway, and Mimico to the west and neighbourhoods like East York, Leaside and North Toronto were filled with these economical modest bungalows. These really took off in popularity thanks in part to national housing programs which helped the post-war economic recovery and provided affordable housing for returning vets. Given the age of many of these homes, you will often find a number of character details from bungalows built during this heyday; those constructed in Toronto during the 1920s through 1940s will often have gumwood trim, etched glass doors, coved plaster ceilings, and leaded glass window details on opposite sides of their brick fireplaces. Those constructed post-WW2 – in the 1950s and after – tend to be smaller, and found in tract housing developments, sometimes spanning miles!


*Photo courtesy of Bill Gladstone Geneology, with thanks.


In Canada – and the suburbs of Toronto in particular – most of the bungalows were built just before and just after WWII, to house those working in war-related industries. They were often federally funded and based on government-approved floor plans. (Have you read my post on the birth of Toronto’s suburbs, entitled, Exploring COVID-19, Urban Planning And Toronto Real Estate?) These bungalows were usually simply adorned and smartly laid out; they had a low, unfinished basement, a large, central living/dining space, a small utilitarian kitchen, a single washroom, and a one-bedroom (or sometimes two). Those designed with a steeply pitched roof were often sold with an unfinished attic that had the potential to accommodate another two bedrooms in the future. Their design simplicity is intentional; as with the bungalows originally built in Bagal, the housing type was favoured in Canada because it took less time and less money to build. As such, they grew in popularity as soldiers returned from war and were great starter homes for young families.

Did you know over 46,000 bungalows were constructed across the country during that period? Here’s the Globe & Mail’s, “By The (Pattern) Book: How The Humble Mid-Century Bungalow Shaped Canadian Neighbourhoods” as well as “HISTORY CORNER: Wartime Houses Built For Workers, Returning Soldiers” on

Today, bungalows are a popular choice for people with mobility issues, single and 2-person households, and for those aging in place. Because of their efficient design, bungalows are more economical to cool and heat. However, today their small footprint and age leave few options for renovation or upgrading – at least without extensive investment, and the capital to expand up, or out. So, if your intention is to sell, what should your plan of action be?

Here’s a blueprint for analysis.




Consider Recent Area Sales For Similar Properties

If your intention is to sell sooner than later, and your focus is on the Return On Investment, you should first consider where values are landing for existing bungalows that are similar to your own, and see if you’re in an area where these homes are either being upgraded or renovated within their existing footprint, ‘topped up’ where a second storey is being added (and often extended out, too), or if they’re being torn down because the value of the property lays more in the land than in the now obsolete dwelling. This is often the case with bungalows in particular, given their smaller size and the spatial relationship to the land they’re located on.

First, assess what bungalows being sold in ‘as-is’ condition are selling for, and drive by any sales over the past two years to see if the demand for these reflects whether they are being torn down, topped up, or renovated.

Second, determine what the sale prices are for bungalows which are being sold that have been improved, and review those sales in detail to identify the scale and scope of improvements, including those with small extensions and/or finished basements and/or on-trend renovations, including the opportunity for a lower level non-conforming income supplement

Third, if former bungalows in your neighbourhood have been topped up or torn down, see what those are selling for so you can determine the top end of the market value for these new properties, which are likely being sold to a new demographic. One word of caution: when you are planning extensive renovations and/or additions and extensions, from an ROI standpoint, transforming a dwelling so it becomes one of the more expensive properties on your street or neighbourhood tends not to offer the highest return – so this is something to bear in mind when looking at your property in relation to neighbouring properties and assessing your options.




Teardown Value

It’s becoming more and more common in the city of Toronto, where land is scarce and the vintage housing stock is aging for small-scale developers to purchase a home for land value, tear the existing home down and build another home in its place. This can be especially appealing if the existing home needs substantial work, both from a design, size, and structural component point of view.

What might your home be worth in terms of land value? The mitigating factors for determining land value include the width, depth, and ease of accessibility of the lot (the City of Toronto’s Committee of Adjustment is generally open to increasing the above grade size of a dwelling from 60% of the lot size to 100% of the lot size), onsite parking (having a private drive is more valuable than a mutual drive – which fits a car easily – than a front pad parking space licensed by the city for $260 / year) and the footprint/condition of the existing foundation.

Beyond land value, there are other options for selling your bungalow, but it is important to understand the likely target market, the potential Return On Investment, and the budget outlay to make these changes happen.

 Here are three considerations in terms of determining the potential market value of your dwelling:




• As-Is Where-Is Condition 

Depending on the age and condition of your bungalow, if listed and sold in ‘as-is, where-is’ condition, the target market would predominantly be renovators and small-scale developers who would approach the site strictly as land value.

Here is my post on Understanding The Six Essential Layers Of Property which outlines the layers by which consumers approach a property, while this post explains How Toronto Real Estate Is Shifting From ‘Fixer-Upper’ Flips To ‘Tear Down’ New Construction.

Assuming that many of the building components need to be replaced (as is often the case with the age of much of this type of housing stock in Toronto), this buyer group would likely retain the structure but demolish almost everything else. The front and side elevations – including much of the foundation – would be stripped to its shell and then the property would be substantially rebuilt.




• Refreshed

Generally, when one is looking to maximize a return on value, one might consider a cosmetic refresh to present the property is in its best light economically. Sometimes it is just enough to inspire a buyer with the potential of your home and to convince them to buy.

A refresh would comprise doing simple but impactful things for your home, like decluttering, completing any necessary maintenance and repairs, and executing some value-added upgrades including, fresh paint, broadloom, light fixtures, and appliances, for example. We encourage one to tend also focus on curb appeal, including exterior landscaping, paint, and new decking or stairs. These are all essential things to communicate care (and value!) of a home. Here’s my post on How To Prepare Your Home For Sale which, in addition to some guidance on what to do, includes what the Urbaneer Team does to show your property in its best light.

While a refresh is effective, one potential drawback in regards to the sale of an older bungalow is that typically the size of the dwelling no longer aligns with the value of the land; furthermore, if any of the building components are wearing thin, the home may naturally be nearing the end of its life expectancy, which would represent a substantial cost to repair or replace for a potential buyer, which might create obstacles in trying to fetch a higher sale price.

Here is a post called Dear Urbaneer: Should I Replace My Vintage Windows When My House Is Considered A Teardown? that explains several of the mitigating factors which determine what a property is worth, and On Flipping – Or Building Equity – For Toronto Real Estate Buyers that addresses some of the risks.

Although costs vary for this option, depending on the current state of your home, these are usually under the 100K range. Be aware that when you embark on this process, you discover other issues, like water management causing mouldasbestos, or knob and tube wiring these costs could spiral, making this approach less financially viable. It could be a bit of a Pandora’s Box.

Essentially, if your land value + the costs of refreshing are close to what comparable bungalows are selling for in your area, this is not an ideal approach, as you are hovering dangerously around the breakeven point. It comes back to the budget and what you realistically can garner for your home, based on recent activity in your neighbourhood. As with all real estate returns, the idea is to maximize the spread between your margins.  

We recently sold this Sun-Kissed Vintage Charmer In The Upper Beach. Offered for $799,000, the house underwent a cosmetic refresh and was professionally staged prior to it being listed. The property, located on a small lot which limited its potential redevelopment options, garnered five offers and sold for $952,000.




• Elevated (With Substantial Investment)

Another option is to elevate the property to its new and highest best use. This would generally mean undertaking major renovations and/or expansion, so the costs with this option are more substantial.

It can be challenging to assess potential profit margin without determining specifics and it can be difficult to gauge now due to the impact on workflow from COVID-19. The City of Toronto has a backlog on the Committee of Adjustment approvals along with issuing Building Permits. Also, of note, the availability of consultants and trades is challenging right now given the demand for home improvements as well as delays in the supply chain and skyrocketing costs for materials – all make this kind of undertaking risky if you don’t have deep pockets financially.

That said, if you are considering this direction, anticipate it will take upwards of 24 to 30 months to complete, a budget of at least $500,000 in the City of Toronto, and a commitment by you to become a Project Manager of sorts. Here’s my post called What Are The Steps To Add Onto A House In Toronto? which provides an overview to help you understand and develop a budget and plan of action. Typically, your objective should be to get planning approvals to build as large an envelope with an efficient on-trend space with mid-grade finishes that, after accounting for your total soft and hard costs including the carrying fees and contingency fund + the selling costs for the property (which would be at or less than 5% + HST depending on whether staging the dwelling would be necessary), should net a reasonable profit acceptable to you. If it’s not, or if it feels like the profit margin is razor-thin, then let this option go.

In this post called Toronto Real Estate, Yellowbelt Zoning & The Missing Middle: Part One – and also addressed in How To Strategically Purchase An Income Producing Property – I share how I often recommend creating a property that provides the owner (and future buyer) with the most flexibility and possibility for the highest return on investment. My personal favourite is the three-unit multi-dwelling (or one that can become one because the computations and permutations of the layout, lifestyle, and income potential are the greatest) which I call “Accordion Dwellings” meaning that the shelter can expand and contract into one or multiple units easily, depending on the needs of the current owner. The dwelling which can be used solely as a single-family or easily divided into multi-units so its intelligent design makes it appealing to the broadest number of potential buyers will sell the fastest and for the highest dollar as it will appeal to a broad range of target markets, whether they are a single-family user seeking a nanny or teen suite, an investor seeking turn-key multi-unit incomes, a pair of co-housing buyers looking for two similar-sized units, or a multi-generational family looking to shelter different ages and stages of life. 

Also, we live in a time where we are adapting to Covid-19, so if you’re doing any renovations to an existing dwelling or you’re building new, explore How The Pandemic Will Change How We Design Our Homes. I’m anticipating we’ll see a greater focus on the separation of spaces after decades of celebrating the open concept floor plan, integration of technology and building systems (like managing air circulation), and an increased desire for private outdoor spaces for reflection and contemplation. 

There are many possibilities when you own a bungalow. If the objective is getting the highest return on investment rather than a residence tailored to your personal comforts, determining the direction you should take is fairly straightforward depending on its location, condition and size. 


My multi-disciplinary education in housing, commitment to research, and data-driven strategy, as well as knowledge about how to position properties for their best potential for sale, provides me with a unique framework on how to advise clients on their best path forward. While market conditions vary from point in time and in location, there are common strategies to employ and modify given the context of local and micro-markets- no matter where they are! I’ve had much success doing so in the Toronto real estate trenches and in other markets across the country. My housing advice derived from my experience is highly relevant as we globalize, and our geographies become smaller in the digital age. I’m here to help!

Do you have any questions? Would you like to talk this through? I welcome being available for a consultation.



An Opportunity To Transform A Vintage Bungalow Steps To The New Oakwood Station – NOW SOLD!

We just sold a bungalow in Oakwood Village – steps to Eglinton Ave W, The Crosstown LRT, and Little Jamaica! – and it could not be better suited to accompany this blog!




And check out this other bashful bungalow we sold!


Just east of South Kingsway where Morningside Avenue rises over the Waller Avenue ravine, this charming 1930s bungalow is tucked away in a bucolic alcove that offers leafy views and plenty of privacy! This charming 2-bed 1930s bungalow on its generous 34.5×120 foot lot offered tremendous opportunity and had infinite possibilities! To name a few, it was move-in ready, great for downsizers, an excellent investment property, and was a perfect plot for those who want to build up & out!




If you’d like to dish on design and renovation some more, try these additional blogs!

Dear Urbaneer: How Do I Renovate A Washroom With Resale In Mind?

How COVID-19 Will Likely Change How We Design Our Homes

Dear Urbaneer: How Do We Establish Our Interior Design Style?

Dear Urbaneer: How Should We Renovate Our Kitchen With Resale In Mind?

Dear Urbaneer: What Architectural Design Features Elevate The Value Of Toronto Real Estate?

Dear Urbaneer: How Do I Boost The Value Of My Condominium?

Maslow’s Hierarchy Of Needs And Toronto Real Estate For Buyers – and – For Sellers

Dear Urbaneer: How Do I Best Equip And Furnish My Home? (+ Design Tips!)

Dear Urbaneer: My Obsession With Design Media Is Hampering My House Hunt!

Dear Urbaneer: Help! We Want to Renovate, And Keep Our Relationship Intact!

Spruce Home Decor: Give Your Space A Colour Refresher

Spruce Home Decor: Vintage Furniture as a Fun Style-Injection

Dear Urbaneer: We’ve Moved Into Our New Home. Now What?

Dear Urbaneer: Should I Renovate My House In Stages Or Do A Full Gut?



May my team and I be your realtors of choice?



With decades of experience navigating the ever-changing Toronto real estate market, a commitment to promote the sale of properties like yours with interesting and relevant information, and the ability to guide Buyers with credible insights and well-informed guidance, we are here to help without pressure or hassle.

Please consider our services!


Thanks for reading!


-The Urbaneer Team

Steven Fudge, Sales Representative
& The Innovative Urbaneer Team
Bosley Real Estate Ltd., Brokerage – (416) 322-800


– we’re here to earn your trust, then your business –

Celebrating Twenty-Eight Years As A Top-Producing Toronto Realtor


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