view of front facade featuring a standing seam roof, brick siding, and a metal roof More Photos

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    For Sale - 322 Cosburn Avenue, Toronto, Ontario

    Est payment $5,448/mo
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    Views   1
    Time on Jump  68 day

    AI Summary *

    • Approved severance for two spacious 2000sf semi-detached homes with en-suites.
    • Potential for rental income with basement apartments and multiple units per semi.
    • Excellent location near schools, public transit, shopping, and highway access.
    • Building permit application ready with heavy lifting already completed.
    • Financing options available for investors with favorable terms and long amortization.




    Approved coa severance for two 2000sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus basement apartment and very rare approved front pad parking. Heavy lifting is done, can apply for building permit, see attached plans. Great basement income/intergenerational living (adult kids, seniors) for end user or excellent rental income location for multiplex investor. Potential for up to 4 units per semi as of right, no committee of adjustment necessary. Property will qualify for mli select financing, which can potentially finance up to 95% loan to cost at excellent interest rates on 50yr amortization (allowing investor to recoup all or most of their investment upon completion with positive cash flow) property was updated a few years ago and is currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35 ft frontage. Excellent school district, close to subway station and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning by-laws and approvals to their own satisfaction.
    Listing IDE12450024
    Address322 Cosburn Avenue
    CityToronto, Ontario
    Price$1,099,000
    Bed / Bath2 / 1 Full
    StyleBungalow, Detached
    ConstructionBrick
    Land Size3500
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement Development Potential, Partially FinishedFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  REAL ESTATE HOMEWARD
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    322 Cosburn Avenue
    Toronto , Ontario
    2 1 $1,099,000
    Get more info