NestedBeta
Photo 49
Photo 1
Photo 2
1 / 49

$1,199,999

50 Elinor Ave, Toronto M1R 3H4

3 + 2

beds

3

baths

1100-1500

sqft

4d on Nested|1 views|0 saves

Source: TRREB · MLS# E13177558 · Listed by RE/MAX PROFESSIONALS INC.

Detached, Bungalow
2 garage spaces
$1,091 price/sqft

About this home

Welcome to a Rare Opportunity Offering Charm, Space, Strong Income Potential, and Future Redevelopment Possibilities - All Situated on an Exceptional 40 x 193 Ft Lot. This Beautifully Maintained 3+2 Bedroom Bungalow Delivers Incredible Flexibility for Investors, Multi-Generational Families, or Buyers Seeking the Perfect Blend of Comfortable Living and Significant Rental Income.The Main Level Features a Warm and Functional Layout Highlighted by an Updated Kitchen With Quartz Countertops (2025), New Main Floor Kitchen Appliances (2025), and Bright, Inviting Living Spaces Filled With Natural Light. 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 Rental Income Potential of Approximately $6,140/Month Including the Main Level.What Truly Elevates This Property Is the Exceptional Lot Size and Future Potential. The Expansive Backyard Presents Exciting Opportunities 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 Features Existing Water and Power Supply, Offering Outstanding Potential for a Future Garage Conversion Into One or Possibly Two Additional Income-Generating Units.Pride of Ownership Is Evident Throughout With Numerous Recent Updates Including a New Roof (2025), Repaired and Cleaned Gutters (2026), Basement Renovations (2021), and Epoxy Garage Flooring (2023). Existing Solar Panels Help Offset Utility Costs by Approximately $300-$400/Month on Average.Whether You're Looking for a Turnkey Investment, a Multi-Income Property, or a Home With Long-Term Redevelopment Potential, This Property Offers Exceptional Value, Versatility, and Endless Possibilities on an Oversized Lot in a Highly Desirable Setting.

Property details

Interior

Bedrooms

  • 5 bedrooms total

Bathrooms

  • 3 bathrooms total

Exterior

Parking

  • 2 garage spaces
  • 9 total parking spaces

Financial & construction

Financial

  • Annual property tax: $4,728

Construction & style

  • Style: Bungalow
  • Type: Detached
  • 1100-1500 sqft

Extras & inclusions

All ELFS & Window Coverings, 3 Fridges, 3 Stoves, 3 Dishwasher, Washer & Dryer.

Map

The neighbourhood

Wexford-Maryvale · Toronto E04

Near Pharmacy & Lawrence Ave

Fenced Yard

Talk to someone who knows this street

Listed by RE/MAX PROFESSIONALS INC. · you'll reach a vetted Nested agent · replies < 2h