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    For Sale - 50 Elinor Avenue, Toronto, Ontario

    Est payment $5,762/mo
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    Time on Jump  1 days

    AI Summary *

    • Well-maintained 3+2 bedroom bungalow on a spacious 40 x 193 ft lot.
    • Updated kitchen with quartz countertops and new appliances for modern living.
    • Finished basement with two income-generating units and solid rental income.
    • Large backyard with great potential for expansion or development opportunities.
    • Detached 2-car garage with utilities, ideal for future income options.




    Welcome to a rare opportunity that blends charm, space, income potential, and future upside - all on an exceptional 40 x 193 ft lot. This beautifully maintained 3+2 bedroom bungalow offers versatility for investors, multi-generational families, or buyers looking to live while generating substantial rental income. The main level features a warm and inviting layout with an updated kitchen complete with quartz countertops (2025), new appliances (2025), and bright living spaces. 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 income potential of approximately $6,140/month including the main level. What truly sets this property apart is the land and future development potential. The massive backyard offers exciting possibilities 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 includes existing water and power supply, creating excellent potential for a future garage conversion into one or possibly two additional income-generating units. Extensively updated and well cared for, this property features a new roof (2025), repaired and cleaned gutters (2026), basement renovations (2021), and epoxy garage flooring (2023). Solar panels help offset utility costs by approximately $300-$400/month on average. Whether you're searching for a smart investment, a multi-income property, or a home with long-term redevelopment potential, this property delivers endless possibilities on an oversized lot in a highly desirable setting.
    Listing IDE13177558
    Address50 Elinor Avenue
    CityToronto, Ontario
    Price$1,199,999
    Bed / Bath5 / 3 Full
    StyleBungalow, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features In-Law Suite, Carpet Free, Primary Bedroom - Main Floor, Solar Owned, Storage, Water Heater, Floor Drain, On Demand Water Heater, Auto Garage Door RemoteOutdoor Features Patio, Landscaped, Privacy, Security GateAmenities Fenced Yard, Electric Car ChargerOwnership FreeholdBasement Apartment, Finished, Separate EntranceFoundation BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Agency:  RE/MAX PROFESSIONALS INC.

    * 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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    50 Elinor Avenue
    Toronto , Ontario
    5 3 $1,199,999
    Get more info