502 Atlas Avenue
Oakwood Village, Toronto, M6C 3R3
FOR SALE
$1,799,900
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7
BEDROOMS 7
BATHROOMS 4
KITCHENS 11
ROOMS C14141266
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Property Description
Stunning legal fourplex in sought-after Oakwood Village! Featuring 7 bedrooms, 7 bathrooms, custom quartz kitchens, hardwood floors, and stainless-steel appliances. Ideal for large families, multi-gen living, or investors. Easily used as a single-family home or live in one unit and rent the others. Fully finished, extra spacious and expansive 2 bdrm unit with large above grade windows and tons of natural light. Extremely well appointed luxury enhanced finishes thru-out with optimum layout at lower level. Rare income property in a high-demand, low-supply pocket. All units are separately metered for gas and hydro, water split at 25% per unit. Unit A $1,950, B - $2,450, C - $1,980 and D - $2,000 total gross $8,380 per month rent.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2020-11-06 | 2020-11-18 | 12 | $1,100,000 | $1,400,000 |
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Property Features
Other
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Property Details
Address
502 Atlas Avenue
Community
City
Postal Code
M6C 3R3
Property Type
Fourplex, Fourplex
Lot Size
35' x 61'
Taxes
$4,479 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
None
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Listing contracted with Re/Max West Realty Inc.
Exceptional Multiplex Investment Opportunity! Prime McCowan & Lawrence location featuring 4 legal one-bedroom apartments, plus 2 additional units with potential for legal conversion, subject to City of Toronto zoning, building and permit requirements. Located directly across from Scarborough General Hospital, with excellent public transit access and proximity to major healthcare and transportation facilities. The City of Toronto has verbally indicated potential for conversion to a seniors' home, subject to formal approvals, permits and applicable requirements. An excellent opportunity for investors, developers and operators seeking income, redevelopment and conversion potential. Buyers and cooperating brokerages are advised to conduct their own independent due diligence regarding zoning, permitted uses, building code compliance, licensing, permits, legal unit status and any proposed conversion or redevelopment.
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