$1,899,000
20.39 BTC
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Map
340 Patricia Avenue, Toronto
$1,899,000
PRICE
3 + 6
BEDROOMS
8
BATHROOMS
C14142132
MLSID

340 Patricia Avenue, Toronto

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!
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Sold History

SOLD
24 September 2021
$1,520,000

Summary

Address
340 Patricia Avenue
MLSID
C14142132
Property Type
Detached
Property Category
Bedrooms
3 + 6
Bathrooms
8
Kitchens
1 + 4
Taxes (Annual)
$6,591.00
Tax Year
2025
Published
November 3, 2026
Days on Market
4 Days
Possession Type
30-59 Days
Possession Details
30-59 Days/Tbd
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Inclusions

*In the Main Bungalow >> S/S Fridge/Freezer, SIS Stove,S/S Rangehood. Washer&Dryer. Gas Furnace(2021).Cac. Owned Hwt(2025). In Basement: S/SFridge, S/S Stove, Rangehood, Stacked Washer&Dryer. *In the Garden Suite >> 3 S/S Fridge, 3 S/S Dishwasher, 3 S/S Ranghood, 3 S/S Microwave, S/S B/I Oven, 2 Portable Cooktop. B/I Washer. B/I Stacked Washer/Dryer. Combo Washing Machine. Existing Elfs and Window Blinds. 1 ERV, 2 Heat Pump & 3 Air Handlers for Each Unit in Garden Suite. Heated Floor Basement! Sump Pump. Tankless Gas Water Heater & Storage Electric Tank. 4 Security Cameras!

Details

Property Features
Fenced Yard, Park, Public Transit, School
Basement
Finished with Walk-Out, Separate Entrance
Exterior Features
Patio
Interior Features
Guest Accommodations, Sump Pump
Parking Spaces
3
Parking Total
6
Architectural Style
Other
Roof
Shingles, Asphalt Rolled
Construction Materials
Brick, Stucco (Plaster)
Lot Width
50 Feet
Lot Depth
134 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Owner+Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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