$1,699,000
10.82 BTC
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500 Atlas Avenue, Toronto
$1,699,000
PRICE
3 + 1
BEDROOMS
2
BATHROOMS
C12280320
MLSID

500 Atlas Avenue, Toronto

Unmatched Opportunity in Coveted Cedarvale. 500 Atlas Avenue sits on a rare double-fronting lot with city-approved severance and plans to split into two lots each ready for a stunning 3-storey custom home, triplex, or fourplex as of right". Your chance to secure two prime lots for just $850K~ each and to capitalize on the generous RM zoning. An unmatched value in this sought-after pocket. inside, the main floor has been tastefully renovated with an open-concept layout, modern kitchen, updated systems, and integrated appliances, perfect for an owner to move in now while collecting income from the legal basement suite (tenant willing to stay or go). This flexible footprint lets you live, rent, or build now or later. Live in the upper unit and offset your mortgage, hold as a cash-flowing duplex, or break ground immediately with your plans ready to go. Located on a quiet street steps to Cedarvale Park and Cedarvale subway station, with quick access to Allen Rd, and all midtown amenities. Whether youre an end-user looking for lifestyle and upside, or a developer ready to unlock the full potential of this unique double frontage, this is an investment that truly checks every box. Seller open to VTB for well qualified buyers. Severance and building plans included. Endless options. Exceptional value. Cedarvales next landmark opportunity awaits.
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Summary

Address
500 Atlas Avenue
MLSID
C12280320
Property Type
Detached
Property Category
Bedrooms
3 + 1
Bathrooms
2
Kitchens
2
Taxes (Annual)
$4,828.21
Tax Year
2024
Published
July 11, 2025
Days on Market
23 Days
Possession Type
Flexible
Possession Details
90 Days/Flexible
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Inclusions

2x Fridge, 2 xStove, Dishwasher, Microwave, 2x Washer & Dryer, Electrical Fixtures, Freezer

Exclusions

Furniture on main level

Details

Bathroom 1
4-Piece Ground Level
Bathroom 2
4-Piece Basement Level
Parking Total
1
Parking Features
Lane
Architectural Style
Bungalow
Roof
Other
Construction Materials
Brick
Lot Width
28 Feet
Lot Depth
122 Feet
Water
Municipal
Heat Source
Oil
Heat Type
Water
New Construction
No
Occupant Type
Owner
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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