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$1,199,999
Available - For Sale
Listing ID: E13177558
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: $4,728
Occupancy by: Owner+T
Address: 50 Elinor Avenue , Toronto, M1R 3H4, Toronto
Directions/Cross Streets: Pharmacy & Lawrence Ave
Rooms: 6
Rooms +: 4
Bedrooms: 3
Bedrooms +: 2
Washrooms: 3
Family Room: T
Basement: Apartment
Finished
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Lower
Washroom 3:  3 Lower
Washroom 4:  0
Washroom 5:  0
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.

50 Elinor Avenue , Toronto, M1R 3H4, Toronto


 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto E04
Neighbourhood: Wexford-Maryvale
Style: Bungalow
Lot Size: x 193.62(Feet)
Approximate Age:
Tax: $4,728
Maintenance Fee: $0
Beds: 3+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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