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Jacquie Schettler

homes@jacquieschettler.ca +1(905) 320-1940

$ 1,899,000

Est. payment -/mo

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340 Patricia AVE Toronto C07, ON M2R 2M7

3 Beds

8 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Municipality Toronto C07

Subdivision Newtonbrook West

MLS Listing ID C14142132

Style Other

Bedrooms 3

Annual Tax Amount $6,591

Tax Year 2025

Property Sub-Type Detached

Property 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 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 Gallery!

Location

Province ON

County Toronto

Community Toronto C07

Area Toronto

Rooms

Family Room No

Basement Finished with Walk-Out, Separate Entrance

Kitchen 5

Separate Den/Office 6

Interior

Interior Features Guest Accommodations, Sump Pump

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Patio

Pool None

Waterfront Description None

Roof Type Shingles,Asphalt Rolled

Lot Frontage 50.0

Lot Depth 133.8

Total Parking Spaces 6

Building

Unit Features Fenced Yard,Park,Public Transit,School

Foundation Concrete Block, Poured Concrete

Others

ParcelsYN No

Virtual Tour https://client.thehomesphere.ca/property/edit/271898501/music

Listed by RE/MAX REALTRON BIJAN BARATI REAL ESTATE

Jacquie Schettler

Agent

+1(905) 320-1940

Jacquie Schettler

340 Patricia AVE Toronto C07, ON M2R 2M7

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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340 Patricia AVE