Garden Suite South Exposure More Photos

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    For Sale - 340 Patricia Avenue, Toronto, Ontario

    Est payment $9,119/mo
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    Time on Jump  1 days

    AI Summary *

    • Corner-lot bungalow with a separate walk-out basement apartment and newly built garden suite.
    • Three independent living units offer flexible uses and rental income potential.
    • Garden suite spans three levels with multiple bedrooms, kitchens, and bathrooms.
    • Each garden suite level includes its own laundry machine.
    • Independent utility connections and potential for future redevelopment, subject to approvals.




    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, 2 bedrms, 2 x 3-pc ensuite! * bright & sunny heated floor basement with living 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!
    Listing IDC14142132
    Address340 Patricia Avenue
    CityToronto, Ontario
    Price$1,899,000
    Bed / Bath9 / 8 Full
    StyleOther, Detached
    ConstructionBrick, Stucco (Plaster)
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Guest Accommodations, Sump PumpOutdoor Features PatioAmenities Fenced Yard, Park, Public Transit, SchoolOwnership FreeholdWaterfront NoneBasement Finished with Walk-Out, Separate EntranceFoundation Concrete Block, Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: RE/MAX REALTRON BIJAN BARATI REAL ESTATE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    340 Patricia Avenue
    Toronto , Ontario
    9 8 $1,899,000
    Get more info