340 PATRICIA AVENUE
Toronto (Newtonbrook West), Ontario
MLS® C14142132
$1,899,000
- Status
- Active
- Property type
- House
- MLS® number
- C14142132
- Bedrooms
- 9
- Bathrooms
- 8
- Year built
- —
Listing 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 Galler
Property summary
- MLS® number
- C14142132
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 50 x 133.8 FT
- Annual property taxes
- $6,591.00
- Parking
- 6 spaces · No Garage
- Days on market
- 1 day
Features & details
- Heating
- Heat Pump, Forced air, Natural gas
- Cooling
- Central air conditioning
- Basement
- Finished, Separate entrance, Walk out, N/A, N/A
- Flooring
- Hardwood, Laminate, Carpeted
- Appliances
- Washer, Refrigerator, Dishwasher, Stove, Oven, Dryer, Microwave, Cooktop, Freezer, Hood Fan, Blinds, Water Heater
- Exterior features
- Brick, Stucco
- Lot features
- Guest Suite, Sump Pump
What would this home cost you?
Based on the $1,899,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX REALTRON BIJAN BARATI REAL ESTATE, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.