In 2022, 43 Bernard Ave. sold for $4,200,000, and it was stunning back then. 

However, in the past two years, the home has undergone a complete transformation and, dare I say, is now even more stunning?

The detached Toronto home was built in 1895 and is a classic Annex Victorian house with red brick and ornate corbels on the outside. 

The dining room. 

Two years ago, 43 Bernard Ave. still had some of the original features like the stained glass transom over the front door and wainscotting in the dining room, but there were dated features like glass brick walls in the bathrooms, and the kitchen was so tiny. 

The living room. 

Now, there's almost nothing left of the original 1895 home except for the soaring ceilings.

The home has three storeys. 

The new owners look like they did almost a complete gut job and transformed the interiors into a modern and luxurious home. 

The living room walks out to the backyard. 

On the main floor, you still have the principal rooms, but everything feels more open and airy. 

The kitchen and foyer. 

The kitchen probably underwent the most dramatic of changes as it now feels much larger without the dividing wall that separated it from the front entrance. 

The open-concept kitchen and dining area. 

The large island provides tons of prep space and storage, while the integrated appliances keep things looking neat and seamless. 

The third-floor bedroom has skylights. 

43 Bernard Ave. boasts three bedrooms, five bathrooms and over 4,000 square feet of living space. 

The primary bedroom. 

The bedrooms are incredibly spacious for an old home like this and come with lots of built-in storage. 

The basement recreation room. 

The basement offers an extra bedroom and a recreation room. 

A view of the backyard. 

The deep 122-foot lot means there's plenty of space to enjoy outdoor living, which is currently well-utilized a deck, stone patio, hot tub and even a koi pond. 

Another bedroom with a balcony. 

The property also features two furnaces (one new), two new air conditioners, and a new tankless water heater.

The primary ensuite bathroom. 

And the sellers are willing to include a limited one-year warranty covering HVAC, electrical, plumbing, foundation, and roof systems.

The powder room. 

However, despite all this new-ness, 43 Bernard Ave. hasn't been snapped up. 

A balcony off the second floor. 

It was listed back in October for $5,895,000, but after 50 days on the market, they relisted it for $5,845,000. 

The basement bedroom. 

Not the biggest price drop, but when it sold in 2022, it was only on the market for 10 days. 

A newly renovated bathroom. 

This begs the question, is the price too high? Detached homes in the area typically sell between $1.8 million and $6.6 million, so it is on the high end. 

The spacious primary bedroom. 

Also, it's worth mentioning that this new listing price is 40 per cent more than it was two years ago, and that's kinda bonkers, even considering the amount of work that was put into it. 

The back deck. 

But most likely, it's not selling because the real estate market is in a slump.  

The backyard and koi pond. 

And there's not much you can do about that but wait it out or drastically drop the price... which, given the meagre $40K price drop, seems like something the sellers aren't interested in doing.