340 Patricia Avenue
Newtonbrook West, Toronto, M2R 2M7
$1,899,000
For sale · MLS® C14142132
50 photos — scroll sideways to see them all.
About this home
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
- Property type
- Detached
- Style
- Other
- Size (sq ft)
- 1100-1500
- Bedrooms
- 3
- Bedrooms below grade
- 6
- Bathrooms
- 8
- Kitchens
- 5
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- Air conditioning
- Central Air
- Garage
- None
- Parking spaces
- 6
- Lot frontage
- 50
- Lot depth
- 133.8
- Lot units
- Feet
- Faces
- North
- Cross streets
- Yonge St/ Patricia Ave/ Bathurst St
- Property taxes
- $6,591
- Tax year
- 2025
- Possession
- 30-59 Days/TBD
- MLS® number
- C14142132
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Listing courtesy of RE/MAX REALTRON BIJAN BARATI REAL ESTATE.
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