340 Patricia Avenue

Toronto (Newtonbrook West), Ontario M2R2M7

MLS # C14142132

$1,899,000

Property Details

Type

Detached

Beds

Baths

Status

For Sale

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About this property

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, 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 Galler

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Rooms

Room	Level	Dimensions
Living room	Main level	5.1 x 3.3
Living room	Main level	3.1 x 2.81
Dining room	Main level	2.53 x 2.36
Kitchen	Main level	4.03 x 2.35
Bedroom	Main level	3.68 x 2.82
Living room	Second level	3.38 x 2.53
Kitchen	Second level	3.93 x 2.54
Bedroom	Second level	3.24 x 2.61
Bedroom	Second level	2.74 x 2.61
Living room	Basement	4.34 x 2.65
Dining room	Basement	2.39 x 2.11
Dining room	Main level	2.61 x 2.4
Kitchen	Basement	2.58 x 2.35
Bedroom	Basement	9.5 x 2.45
Kitchen	Main level	3.1 x 2.46
Primary Bedroom	Main level	3.6 x 3.4
Bedroom 2	Main level	3.61 x 2.54
Bedroom 3	Main level	3.38 x 2.7
Living room	Basement	5.51 x 3.58
Dining room	Basement	5.51 x 3.58