50
$1,899,000 Sale
Listed 5 hours ago
340 Patricia Avenue
· 3+6
· 8
· 0
· 1100-1500
Key Facts
Key facts for 340 Patricia Avenue
Property Type
House, Other
Parking
None 0 garage, 3 parking
MLS #
C14142132
Size
1100-1500 sqft
Basement
Finished with Walk-Out,Separate Entrance
Listed on
2026-11-02
Lot size
50 x 133.8
Tax
$6,591 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
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 Outstandi...ng 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, Kitchen, 2 Bedrms, 2 x 3-Pc Ensuite! * Bright & Sunny Heated Floor Basement with Living Rm, Dining 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!
Room Types
Bedroom 2
Hardwood Floor, Ceiling Fan(s), Closet
Dimensions 11.84 x 8.33 feet
98.63 sqft
Bedroom 3
Hardwood Floor, Window, Closet
Dimensions 11.09 x 8.86 feet
98.26 sqft
Bedroom 4
Above Grade Window, Closet, Broadloom
Dimensions 11.75 x 8.96 feet
105.28 sqft
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Courtesy of: RE/MAX REALTRON BIJAN BARATI REAL ESTATE