340 Patricia Avenue, Toronto, Ontario, Canada, M2R2M7
1,899,000
For Sale
3 + 6
8
1100-1500
About the property:
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!
Extra info:
*In the Main Bungalow >> S/S Fridge/Freezer, SIS Stove,S/S Rangehood. Washer&Dryer. Gas Furnace(2021).Cac. Owned Hwt(2025). In Basement: S/SFridge, S/S Stove, Rangehood, Stacked Washer&Dryer. *In the Garden Suite >> 3 S/S Fridge, 3 S/S Dishwasher, 3 S/S Ranghood, 3 S/S Microwave, S/S B/I Oven, 2 Portable Cooktop. B/I Washer. B/I Stacked Washer/Dryer. Combo Washing Machine. Existing Elfs and Window Blinds. 1 ERV, 2 Heat Pump & 3 Air Handlers for Each Unit in Garden Suite. Heated Floor Basement! Sump Pump. Tankless Gas Water Heater & Storage Electric Tank. 4 Security Cameras!
House features:
*In the Main Bungalow >> S/S Fridge/Freezer, SIS Stove,S/S Rangehood. Washer&Dryer. Gas Furnace(2021).Cac. Owned Hwt(2025). In Basement: S/SFridge, S/S Stove, Rangehood, Stacked Washer&Dryer. *In the Garden Suite >> 3 S/S Fridge, 3 S/S Dishwasher, 3 S/S Ranghood, 3 S/S Microwave, S/S B/I Oven, 2 Portable Cooktop. B/I Washer. B/I Stacked Washer/Dryer. Combo Washing Machine. Existing Elfs and Window Blinds. 1 ERV, 2 Heat Pump & 3 Air Handlers for Each Unit in Garden Suite. Heated Floor Basement! Sump Pump. Tankless Gas Water Heater & Storage Electric Tank. 4 Security Cameras!
Detached
Bungalow
- Property Type:
- Detached
- Status:
- For Sale
- House Style:
- Bungalow
- Bedrooms:
- 3 + 6
- Bathrooms:
- 8
- Land Size:
- 50 x 133.8 FT
- Central A/C:
- Yes
- Parking Places:
- 6
- Heating Type:
- Forced Air
- Heating Fuel:
- Gas
- Cross Street:
- Yonge St/ Patricia Ave/ Bathur
- Exterior:
- Brick,Stucco (Pl
- Basement:
- Finished wit, Finished wit
- Fronting On:
- N
- Possession Date:
- 30-59 Days/TBD
- Annual Property Taxes:
- 6,591
- Listing ID:
- C14142132
Rooms
Dimensions
Main
- Living Room
- 5.1m x 3.3m Hardwood Floor Bay Window Crown Moulding
- Dining Room
- 2.61m x 2.4m Hardwood Floor Open Concept Crown Moulding
- Kitchen
- 3.1m x 2.46m Hardwood Floor Granite Counters Pantry
- Primary Bedroom
- 3.6m x 3.4m 4 Pc Ensuite Hardwood Floor Closet
- Bedroom 2
- 3.61m x 2.54m Hardwood Floor Ceiling Fan(s) Closet
- Bedroom 3
- 3.38m x 2.7m Hardwood Floor Window Closet
- Living Room
- 3.1m x 2.81m 2 Pc Bath Laminate LED Lighting
- Dining Room
- 2.53m x 2.36m W/O To Patio Laminate LED Lighting
- Kitchen
- 4.3m x 2.35m Stainless Steel Appl Laminate LED Lighting
- Bedroom
- 3.68m x 2.82m 4 Pc Ensuite Laminate B/I Closet
Basement
- Living Room
- 5.51m x 3.58m Combined w/Dining Broadloom Above Grade Window
- Dining Room
- 5.51m x 3.58m Combined w/Living Broadloom LED Lighting
- Bedroom 4
- 3.58m x 2.73m Above Grade Window Closet Broadloom
- Bedroom 5
- 3.58m x 2.33m 3 Pc Bath Above Grade Window B/I Closet
- Living Room
- 4.34m x 2.65m 3 Pc Bath Heated Floor LED Lighting
- Dining Room
- 2.39m x 2.11m Heated Floor Window Open Concept
- Kitchen
- 2.58m x 2.35m Heated Floor Stainless Steel Appl LED Lighting
- Bedroom
- 9.5m x 2.45m Heated Floor B/I Closet Window
Second
- Living Room
- 3.38m x 2.53m Laminate Open Concept LED Lighting
- Kitchen
- 3.93m x 2.54m Stainless Steel Appl Laminate LED Lighting
- Bedroom
- 3.24m x 2.61m 3 Pc Ensuite Laminate Closet
- Bedroom
- 2.74m x 2.61m Laminate Closet LED Lighting
Brokered by:
RE/MAX Realtron Bijan Barati Real Estate
Source: TRREB/PROPTX
Presented By:
Presented By: