Available - For Sale
Listing ID: E13177558
50 Elinor Avenue , Toronto, M1R 3H4, Toronto
| Welcome to a Rare Opportunity Offering Charm, Space, Strong Income Potential, and Future Redevelopment Possibilities - All Situated on an Exceptional 40 x 193 Ft Lot. This Beautifully Maintained 3+2 Bedroom Bungalow Delivers Incredible Flexibility for Investors, Multi-Generational Families, or Buyers Seeking the Perfect Blend of Comfortable Living and Significant Rental Income.The Main Level Features a Warm and Functional Layout Highlighted by an Updated Kitchen With Quartz Countertops (2025), New Main Floor Kitchen Appliances (2025), and Bright, Inviting Living Spaces Filled With Natural Light. The Finished Basement Includes Two Separate Tenanted Units - a Bachelor Suite and a 1-Bedroom, 1-Bath Suite - Currently Generating $3,140/Month in Rental Income, With Total Projected Rental Income Potential of Approximately $6,140/Month Including the Main Level.What Truly Elevates This Property Is the Exceptional Lot Size and Future Potential. The Expansive Backyard Presents Exciting Opportunities for a Future Garden Suite, Rear Addition, or Even a Custom New-Build Opportunity (Buyer to Complete Their Own Due Diligence). The Large Detached 2-Car Garage Already Features Existing Water and Power Supply, Offering Outstanding Potential for a Future Garage Conversion Into One or Possibly Two Additional Income-Generating Units.Pride of Ownership Is Evident Throughout With Numerous Recent Updates Including a New Roof (2025), Repaired and Cleaned Gutters (2026), Basement Renovations (2021), and Epoxy Garage Flooring (2023). Existing Solar Panels Help Offset Utility Costs by Approximately $300-$400/Month on Average.Whether You're Looking for a Turnkey Investment, a Multi-Income Property, or a Home With Long-Term Redevelopment Potential, This Property Offers Exceptional Value, Versatility, and Endless Possibilities on an Oversized Lot in a Highly Desirable Setting. |
| Price | $1,199,999 |
| Taxes: | $4728.00 |
| Occupancy: | Owner+T |
| Address: | 50 Elinor Avenue , Toronto, M1R 3H4, Toronto |
| Directions/Cross Streets: | Pharmacy & Lawrence Ave |
| Rooms: | 6 |
| Rooms +: | 4 |
| Bedrooms: | 3 |
| Bedrooms +: | 2 |
| Family Room: | T |
| Basement: | Apartment, Finished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Lower |
| Washroom Type 3 | 3 | Lower |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | Bungalow |
| Exterior: | Brick |
| Garage Type: | Detached |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 7 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Other Structures: | Out Buildings |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Fenced Yard, Electric Car Charg |
| 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: | Baseboard |
| Central Air Conditioning: | Wall Unit(s |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| RE/MAX PROFESSIONALS INC. |
|
|
Ram Rajendram
Broker
Dir:
(416) 737-7700
Bus:
(416) 733-2666
Fax:
(416) 733-7780
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Toronto |
| Municipality: | Toronto E04 |
| Neighbourhood: | Wexford-Maryvale |
| Style: | Bungalow |
| Tax: | $4,728 |
| Beds: | 3+2 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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