Jag Patel
Broker
$1,899,000
Available - For Sale
Listing ID: C14142132
340 Patricia Avenue , Toronto, M2R 2M7, Toronto
| 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! |
| Price | $1,899,000 |
| Taxes: | $6591.00 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 340 Patricia Avenue , Toronto, M2R 2M7, Toronto |
| Directions/Cross Streets: | Yonge St/ Patricia Ave/ Bathurst St |
| Rooms: | 7 |
| Rooms +: | 16 |
| Bedrooms: | 3 |
| Bedrooms +: | 6 |
| Family Room: | F |
| Basement: | Finished wit, Separate Ent |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 16.73 | 10.82 | Hardwood Floor, Bay Window, Crown Moulding |
| Room 2 | Main | Dining Ro | 8.56 | 7.87 | Hardwood Floor, Open Concept, Crown Moulding |
| Room 3 | Main | Kitchen | 10.17 | 8.07 | Hardwood Floor, Granite Counters, Pantry |
| Room 4 | Main | Primary B | 11.81 | 11.15 | 4 Pc Ensuite, Hardwood Floor, Closet |
| Room 5 | Main | Bedroom 2 | 11.84 | 8.33 | Hardwood Floor, Ceiling Fan(s), Closet |
| Room 6 | Main | Bedroom 3 | 11.09 | 8.86 | Hardwood Floor, Window, Closet |
| Room 7 | Basement | Living Ro | 18.07 | 11.74 | Combined w/Dining, Broadloom, Above Grade Window |
| Room 8 | Basement | Dining Ro | 18.07 | 11.74 | Combined w/Living, Broadloom, LED Lighting |
| Room 9 | Basement | Bedroom 4 | 11.74 | 8.95 | Above Grade Window, Closet, Broadloom |
| Room 10 | Basement | Bedroom 5 | 11.74 | 7.64 | 3 Pc Bath, Above Grade Window, B/I Closet |
| Room 11 | Main | Living Ro | 10.17 | 9.22 | 2 Pc Bath, Laminate, LED Lighting |
| Room 12 | Main | Dining Ro | 8.3 | 7.74 | W/O To Patio, Laminate, LED Lighting |
| Room 13 | Main | Kitchen | 13.22 | 7.71 | Stainless Steel Appl, Laminate, LED Lighting |
| Room 14 | Main | Bedroom | 12.07 | 9.25 | 4 Pc Ensuite, Laminate, B/I Closet |
| Room 15 | Second | Living Ro | 11.09 | 8.3 | Laminate, Open Concept, LED Lighting |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | |
| Washroom Type 2 | 3 | |
| Washroom Type 3 | 2 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | |
| Washroom Type 7 | 3 | |
| Washroom Type 8 | 2 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | |
| Washroom Type 12 | 3 | |
| Washroom Type 13 | 2 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | |
| Washroom Type 17 | 3 | |
| Washroom Type 18 | 2 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Other |
| Exterior: | Brick, Stucco (Plaster) |
| Garage Type: | None |
| Drive Parking Spaces: | 3 |
| Pool: | None |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Fenced Yard, Park |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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| RE/MAX REALTRON BIJAN BARATI REAL ESTATE |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Toronto |
| Municipality: | Toronto C07 |
| Neighbourhood: | Newtonbrook West |
| Style: | Other |
| Tax: | $6,591 |
| Beds: | 3+6 |
| Baths: | 8 |
| Fireplace: | N |
| Pool: | None |
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