Homes for sale - 62 Elder Avenue, Toronto, ON M8W 1S4

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 630 sqft

Price per Sqft $1,190

MLS Listing ID 40739836

Style Bungalow

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 630

Annual Tax Amount $3,390

Property Sub-Type Detached

Source Mississauga

Property Description

A rare opportunity in the heart of Long Branch – welcome to 62 Elder Ave, a detached bungalow on a spacious 36 ft x 125 ft lot, ideal for developers, builders, or end-users looking to create something special in one of Toronto's most vibrant lakeside neighbourhoods.

Investment and Development potential is huge with this wide lot. As of right use allows for anything from a detached home all the way up to the four-plex with garden suite. As of right building permits for 62 Elder containing 2, 3 or 4 units plus garden suite are eligible for $0 development fees saving hundreds of thousands of dollars under Toronto's new EHON program. Maximizing your development with 5 units gives potential access to the CMHC MLI Select Program offering lower interest rates, up to 95% loan to cost and 50 year amortizations (full details available at CMHC.ca). Development report available upon request.

The location is unbeatable – nestled on a picturesque, tree-lined street, 62 Elder Ave is just a short walk from the lakefront, parks, beaches, and the charming local shops and eateries along Lake Shore Boulevard. With nearby transit options, Long Branch GO Station, and easy access to major highways, this property connects the waterfront's tranquillity with the city's convenience.

Whether you're planning to build your dream home or capitalize on a strong redevelopment opportunity, this property is a solid investment in a rapidly evolving, high-demand neighbourhood.

Location

Province ON

County Toronto

Area Tw06 - Toronto West

Zoning RD(f12;a370;d0.35)

Direction Lakeshore Blvd. W. & Kipling Ave.

Rooms

Basement Full,Partially Finished

Main Level Bedrooms 2

Kitchen 1

Interior

Interior Features None

Heating Baseboard,Electric

Cooling Other

Fireplace No

Appliance Dryer,Refrigerator,Stove,Washer

Exterior

Roof Type Asphalt Shing

Lot Frontage 36.0

Lot Depth 125.0

Garage No

Building

Lot Description Urban,Park,Schools,Shopping Nearby

Faces Lakeshore Blvd. W. & Kipling Ave.

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Bungalow

Structure Type Stone,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 075900219

Ownership Freehold/None