MLS#: E13177558Listed: 9 days agoUpdated:3 days ago
Description
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. (id:63050)
Details
Details for 50 Elinor Avenue, Toronto Wexford Maryvale, Ontario
Property Type
Single Family
Building Type
House
Storeys
1
Neighborhood
Wexford-Maryvale
Land Size
40 x 193.6 FT
Year Built
-
Annual Property Taxes
$4,728
Parking Type
Detached Garage, Garage
Inside
Appliances
Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Garage door opener remote(s), Water Heater
Rooms
-
Bedrooms
5
Bathrooms
3
Fireplace
-
Fireplace Total
-
Basement
Finished, Apartment in basement, Separate entrance, N/A, N/A, N/A
Building
Architecture Style
Bungalow
Direction
Cross Streets: Pharmacy & Lawrence Ave. ** Directions: North of Lawrence & East of Pharmacy.
Type of Dwelling
house
Roof
-
Exterior
Brick
Foundation
Block
Flooring
-
Land
Sewer
Sanitary sewer
Lot Size
40 x 193.6 FT
Zoning
-
Zoning Description
-
Parking
Features
Detached Garage, Garage
Total Parking
9
Utilities
Cooling
Wall unit
Heating
Baseboard heaters, Electric
Water
Municipal water
Feature Highlights
Community
-
Lot Features
Carpet Free, Solar Equipment, In-Law Suite
Security
Security system, Smoke Detectors
Pool
-
Waterfront
-
Rooms
Rooms for 50 Elinor Avenue, Toronto Wexford Maryvale, Ontario