62 Elder Avenue Toronto, ON M8W 1S4
UPDATED:
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
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