Newtonbrook West, Toronto, 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!
Features
- Facing: North
- Bedrooms: 3
- Bathrooms: 8
- Garages:
- Kitchens: 1
Details
- Lot size: 50.00 x 133.80 Feet
- Space: 1100-1500
- Tax: $ 6591.00
- C14142132
- Listing contracted with: RE/MAX REALTRON BIJAN BARATI REAL ESTATE
| Room | Size(M) | Description | |
|---|---|---|---|
| Living Rm | 5.10x3.30 | Hardwood Floor, Bay Window, Crown Moulding |
|
| Dining Rm | 2.61x2.40 | Hardwood Floor, Open Concept, Crown Moulding |
|
| Kitchen | 3.10x2.46 | Hardwood Floor, Granite Counters, Pantry |
|
| Primary B | 3.60x3.40 | 4 Pc Ensuite, Hardwood Floor, Closet |
|
| 2nd Br | 3.61x2.54 | Hardwood Floor, Ceiling Fan(s), Closet |
|
| 3rd Br | 3.38x2.70 | Hardwood Floor, Window, Closet |
|
| Living Rm | 5.51x3.58 | Combined w/Dining, Broadloom, Above Grade Window |
|
| Dining Rm | 5.51x3.58 | Combined w/Living, Broadloom, LED Lighting |
|
| 4th Br | 3.58x2.73 | Above Grade Window, Closet, Broadloom |
|
| 5th Br | 3.58x2.33 | 3 Pc Bath, Above Grade Window, B/I Closet |
|
| Living Rm | 3.10x2.81 | 2 Pc Bath, Laminate, LED Lighting |
|
| Dining Rm | 2.53x2.36 | W/O To Patio, Laminate, LED Lighting |
| Bathroom | Pieces | Level | |
|---|---|---|---|
| 3xBaths | 4 pcs | ||
| 4xBaths | 3 pcs | ||
| 1xBath | 2 pcs |
Property Summary
Located close to the intersection of Yonge St and Patricia Ave and Bathur, 340 Patricia Ave is a 3+6 bedrooms 8 washrooms Detached. The property has many nice features including Sump Pump and Guest Accommodations. Living Room Rm, Dinning Room Rm, Kitchen, Primary B, second bedroom, third bedroom, Living Room Rm and Dinning Room Rm are on the Main floor.Home Market Analysis
For Sale
For Lease
Comparable home values have remained relatively stable compared with the same period last year.
Rent levels have remained relatively stable compared with the same period last year.
How This Home Compares
Local Area Profile
This property is located in an area with a high level of homeownership with housing made up primarily of detached homes. Approximately 50% of residents hold a bachelor's degree or higher, while about 14% have a college credential. The large majority of local commuters travel by car.
School Information
Elementary Schools
-
Home schoolDistance to school: 0.8 km (~14 min walk)
-
Home schoolDistance to school: 0.5 km (~10 min walk)
-
-
ST PASCHAL BAYLON (Grade: JK - 8)
Catholic French Immersion school
Distance to school: 0.7 km (~13 min walk) -
ST MARGARET (Grade: 5 - 8)Rank: 687 out of 3022 (Score: 7.3)Distance to school: 5.7 km (~17 min drive)
Secondary Schools
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Rank: 345/746 (Score: 6.2) 5 year average: 562/746 (Score: 4.4)Distance to school: 1.1 km (~20 min walk)
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Cardinal Carter-Arts (Grade: 9-12)
Catholic School
Distance to school: 3.2 km (~10 min drive) -
Brebeuf (Grade: 9-12)
Catholic AP program school
Rank: 323/746 (Score: 6.3) 5 year average: 372/746 (Score: 5.9)Distance to school: 3.1 km (~9 min drive)
