Toronto E10 M1E 3M4

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No

Financials

Price:C899,999
($642,896)
(€554,197)
Annual Taxes:C4,781
505 Park Ave, New York, NY 10022

Description

Rare double-lot property offering flexibility, value, and future potential - live in, rent out, or redevelop/sell when the time is right. Large 16,000 sq ft double lot in West Hill with rentable, mortgageable, and insurable 2,435 square foot (iGuide), 3-bedroom 2-bath detached bungalow. One of the largest properties in the neighbourhood with no neighbours backing onto the property. 75' frontage at the street, expanding to approximately 90' at the front yard setback and a rear lot line of over 133' -- thanks to the pie-shaped lot. Home requires some work but has been updated and is comfortable: new roof (2022) ; flooring (2021) ; full bathroom renovation (2021) ; hot tub (2022) ; GE Monogram gas range (2021) ; main floor laundry (2021) ; and Electrolux washer/dryer (2021). City approval already in place to permit two lots (see attachments no further city work necessary, and lawyer can finalize at closing). Lots of future redevelopment options here: Build one or two detached homes (zoning approved plans for two detached homes in attachments) and add garden suites to each or take advantage of Torontos "Expanding Housing Options in Neighbourhoods" policy to create up to 10 rental units with ample parking. Potential rear street access can be gained via McMorrow for additional parking and greater Garden Suite value. Many $2m+ custom infill home precedents nearby. Near PanAm Sports Centre, Centenary Scarborough Hospital, University of Toronto Scarborough campus, and Centennial Scarborough campus. Strong demand for rental housing from temporary workers (doctors, nurses, professors, etc.) and students. 5 minutes to Rouge Hill GO Station (35 minutes to Union Station downtown), close to 401 & Kingston Rd. Walking distance to Rouge Valley trails and Lake Ontario. House is sold 'as-is, where-is' with no warranties or guarantees.

Amenities

  • Alarm system
  • Auto Garage Door Remote
  • Carpet Free
  • Deck
  • hot tub
  • Primary Bedroom - Main Floor
  • Sauna
  • Smoke Detector
  • Sump Pump
  • Water Heater
  • Water Heater Owned
  • Wood

Rare double lot property offering flexibility, value, and future potential live in, rent out, or redevelop sell when the time is right.


    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.