New Listing
340 Patricia Avenue,Toronto C07, ON M2R 2M7
Toronto C07, ON M2R 2M7
Description
Absolutely Must See! Exceptional Fantastic Investment Opportunity! Premium 50 Ft Corner Lot Featuring An Upgraded Bungalow with A Separate Walk-Out Basement Apartment Plus A New Stylish Masterfully Built "Garden Suite" Based On Energy Efficient Design, Offering 3 Separate Living Units With Outstanding Income Potential& Variety Of Uses! Thoughtfully Designed& Expertly Crafted With High-End Finishes, Modern Features, and Advanced Engineering& Technology! This Unique Property Presents An Ideal Opportunity For Investors, Multi-Generational Families, Or Buyers Seeking Multiple Income Streams. The Newly Masterfully Built Garden Suite In 3Levels (3X645 = 1935 Sq.Ft ) * Main Floor with Living Rm, Dining Rm, Kitchen, Bedrm, 2-Pc Powder Rm& 4-Pc Ensuite! * 2nd Floor with Living Rm, Kitchen, 2 Bedrms, 2 x 3-Pc Ensuite! * Bright & Sunny Heated Floor Basement with Living Rm, Dining Rm, Kitchen& A Bedrm! All of Them Has Their Own Laundry Machine! These Configuration Includes Main Basement Apartments& 3 Garden suites Creates Excellent Potential For Rental Income& Enhances The Property's Revenue Opportunities. Beyond Its Immediate Income Potential, This Strategic Corner Bungalow Also Present an Exciting Future Redevelopment Opportunity, With Potential To Explore Multi-Unit Residential Construction Under The City Of Toronto's MLI Select Financing Program, Subject To Applicable Zoning, Planning Approvals, Building Requirements, and CMHC Eligibility.** An Outstanding Opportunity To Generate Income Today & During the Construction of Main Bungalow in the Future. A Rare Offering Combining Immediate Income Potential, Versatility& Future Development Possibilities! The New Garden Suite Represents A Significant Investment, With Construction Costs Exceeding $700,000! Uniquely Designed & Built With Independent Utility Connections, Offering A Significant Advantage For Future Redevelopment!Buyer To Verify with City Ideas For Potential Future Multi-Unit Redevelopment Attached to Photo Gallery!
Details
| MLS # | C14142132 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Listing Provided By | RE/MAX REALTRON BIJAN BARATI REAL ESTATE | C14142132 290800 |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 8 |
| Basement | Y |
| Acreage | 0.15 |
| Water Front | None |
Interior
| Interior Features | Guest Accommodations, Sump Pump |
|---|---|
| Lease To Own Equipment | None |
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Patio |
|---|---|
| Roof | Shingles, Asphalt Rolled |
| Foundation Details | Concrete Block, Poured Concrete |
| Construction Materials | Brick, Stucco (Plaster) |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6591 |
|---|---|
| Tax Legal Description | LT 86 PL 1880 TWP OF YORK CITY OF TORONTO |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C07 |
| Postal Code | M2R 2M7 |
| Area | Newtonbrook West |
| Listing VS Median (in M2R 2M7) | |
Price: $1,899,000 low | high Med: $0 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Toronto |
| City | Toronto C07 |
| Postal Code | M2R 2M7 |
| Area | Newtonbrook West |
| Listing VS Median (in M2R 2M7) | |
Price: $1,899,000 low | high Med: $0 | |