50 Elinor AVE, Toronto E04, ON M1R 3H4
50 Elinor AVE, Toronto E04, ON M1R 3H4
50 Elinor AVE, Toronto E04, ON M1R 3H4
50 Elinor AVE, Toronto E04, ON M1R 3H4
50 Elinor AVE, Toronto E04, ON M1R 3H4
50 Elinor AVE, Toronto E04, ON M1R 3H4
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Françoise Pollard

Françoise Pollard

+1(647) 204-6307
$ 1,199,999
Est. payment | /mo

5 Beds

3 Baths

Save Virtual Tour
$ 1,199,999
Est. payment | /mo
Save Virtual Tour

5 Beds

3 Baths

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 that blends charm, space, income potential, and future upside - all on an exceptional 40 x 193 ft lot. This beautifully maintained 3+2 bedroom bungalow offers versatility for investors, multi-generational families, or buyers looking to live while generating substantial rental income. The main level features a warm and inviting layout with an updated kitchen complete with quartz countertops (2025), new appliances (2025), and bright living spaces. 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 income potential of approximately $6,140/month including the main level. What truly sets this property apart is the land and future development potential. The massive backyard offers exciting possibilities 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 includes existing water and power supply, creating excellent potential for a future garage conversion into one or possibly two additional income-generating units. Extensively updated and well cared for, this property features a new roof (2025), repaired and cleaned gutters (2026), basement renovations (2021), and epoxy garage flooring (2023). Solar panels help offset utility costs by approximately $300-$400/month on average. Whether you're searching for a smart investment, a multi-income property, or a home with long-term redevelopment potential, this property delivers 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 In-Law Suite, Carpet Free, Primary Bedroom - Main Floor, Solar Owned, Storage, Water Heater, Floor Drain, On Demand Water Heater, Auto Garage Door Remote

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.

GET MORE INFORMATION

Françoise Pollard
Françoise Pollard

Agent

+1(647) 204-6307 | francoise@francoisepollard.com

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50 Elinor AVE