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Kyle Morrison

kyle@everyavenue.ca +1(905) 339-9213

$ 1,199,999

Est. payment -/mo

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New

50 Elinor AVE Toronto E04, ON M1R 3H4

5 Beds

3 Baths

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Municipality Toronto E04

Subdivision Wexford-Maryvale

MLS Listing ID E13177558

Style Bungalow

Bedrooms 5

Annual Tax Amount $4,728

Tax Year 2026

Property Sub-Type Detached

Property 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.

Location

Province ON

County Toronto

Community Toronto E04

Area Toronto

Rooms

Family Room Yes

Basement Apartment, Finished, Separate Entrance

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Auto Garage Door Remote, Carpet Free, Floor Drain, In-Law Suite, Primary Bedroom - Main Floor, Solar Owned, Storage, Water Heater

Cooling Wall Unit(s)

Fireplace No

Heat Source Electric

Exterior

Exterior Feature Patio, Landscaped, Privacy, Security Gate

Parking Features Private

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 40.0

Lot Depth 193.62

Total Parking Spaces 9

Building

Unit Features Fenced Yard,Electric Car Charger

Foundation Block

Others

Security Features Security System,Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://www.winsold.com/tour/459625

Listed by RE/MAX PROFESSIONALS INC.

Kyle Morrison

Agent

+1(905) 339-9213

Kyle Morrison

50 Elinor AVE Toronto E04, ON M1R 3H4

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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50 Elinor AVE