340 Patricia Avenue
Newtonbrook West, Toronto, M2R 2M7
FOR SALE
$1,899,000
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3 + 6
BEDROOMS 8
BATHROOMS 1 + 4
KITCHENS 7 + 16
ROOMS C14142132
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Property Description
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
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-09-13 | 2021-09-24 | 11 | $1,479,000 | $1,520,000 |
Nearby Intersections
Property Features
Fenced Yard, Park, Public Transit, School, Guest Accommodations, Sump Pump
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Property Details
Address
340 Patricia Avenue
Community
City
Postal Code
M2R 2M7
Property Type
Detached, Detached
Lot Size
50' x 134'
Taxes
$6,591 (2025
Basement
Finished with Walk-Out, Separate Entrance
Exterior
Patio
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
None
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Listing contracted with Re/Max Realtron Bijan Barati Real Estate
A fully renovated bungalow offering exceptional space and versatility in sought-after Willowdale West. Set on a 50 X 135 ft. lot, this substantial residence features 4+3 bedrooms and 6.5 bathrooms across two thoughtfully updated levels. The main floor centres on a sun-filled, open-concept great room, complemented by pot lighting, four generously sized bedrooms and a new kitchen with stainless steel appliances. A separate side entrance provides access to the lower level, where three additional bedrooms feature large above-grade windows that welcome natural light. Updated front stonework, renovated entrance steps and refreshed landscaping enhance the home's curb appeal. A two-car garage and generous driveway provide ample parking, while the south-facing backyard offers inviting space for outdoor dining, entertaining and relaxation. Close to Yonge Street's shops and restaurants, neighbourhood parks and TTC subway connections, with convenient access to Highway 401.
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Custom Home in the Sought After Maple Leaf Neighbourhood! Beautiful bright main level features heated porcelain tile throughout, pot lights, high ceilings, & a gourmet kitchen featuring Quartz counters & backsplash. The kitchen features a large Quartz eat-in island. Tons of natural light, with a walkout to the backyard from the open concept living & dining. Heated flooring throughout the main level, as well as extensive sound proofing between the main & 2nd floor. Front office w/ 3 pc ensuite on Main level that can also be used as a 5th bedroom, or an in-law suite for aging parents! 4 generously sized bedrooms on the 2nd floor. Primary bedroom w/ Balcony, 5 pc ensuite, and huge walk in Closet! Featuring basement apartment with separate entrance & separate ensuite laundry! Sound insulation between all floors for complete privacy between Main levels and basement. Basement is tenanted at $3800 per month all inclusive, with great tenants! Tenants are happy and willing to stay or can be made vacant for closing! Detached finished & heated garage with it's own panel ready for your EV charger! Fully heated driveway with tons of parking space... say goodbye to shovelling!
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Attention Builders, Developers & Investors! An exceptional opportunity awaits on this impressive 80 x 100 ft lot, featuring 80 ft of frontage. Enjoy the benefit of established rental income while exploring the property's future potential. The property also offers the potential to live on the main floor while generating additional rental income from the basement, with two separate entrances. Explore the possibilities of a custom-built luxury residence in a family- friendly neighbourhood,potential lot severance or multiplex development, subject to applicable zoning regulations, site requirements, and municipal approvals. The property is being sold in As Is Where Is condition. The Seller and Listing Brokerage make no representations or warranties regarding the retrofit status of the basement unit. Note: Some listing photos have been digitally enhanced using AI for illustrative purposes.
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