$1,199,999.00

50 ELINOR AVENUE, Toronto (Wexford-Maryvale), Ontario, M1R3H4, Canada Listing ID: E13177558
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Bathrooms Bedrooms Property Type
3 5 Single Family

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. (id:31565)

Paul McDonald, Sales Representative
Paul McDonald is no stranger to the Toronto real estate market. With over 23 years experience and having dealt with every aspect of the business from simple house purchases to condo developments, you can feel confident in his ability to get the job done.
Book appointment/showing: 50 ELINOR AVENUE (E13177558)
Additional Information
Amenity Near By
Features Carpet Free, Solar Equipment, In-Law Suite
Maintenance Fee
Maintenance Fee Payment Unit
Management Company
Ownership Freehold
Parking
  • Detached Garage -
  • Garage -
Transaction For sale
Building
Bathroom Total 3
Bedrooms Total 5
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Appliances Garage door opener remote(s), Water Heater, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
Architectural Style Bungalow
Basement Development Finished
Basement Features Apartment in basement, Separate entrance
Basement Type N/A, N/A (Finished), N/A
Construction Style Attachment Detached
Cooling Type Wall unit
Exterior Finish Brick
Fireplace Present
Fire Protection Security system, Smoke Detectors
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard heaters
Size Interior 1100 - 1500 sqft
Stories Total 1
Type House
Utility Water Municipal water
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