500 ATLAS AVENUE Active Save Request In-Person Tour Request Virtual Tour
Toronto (humewood-cedarvale),ON M6C3R3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $2,427
Subdivision Humewood-Cedarvale
MLS Listing ID C12280320
Style Bungalow
Bedrooms 4
Property Sub-Type Freehold
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Interior
Heating Hot water radiator heat
Cooling Wall unit
Flooring Hardwood
Exterior
Parking Features Yes
View Y/N No
Building
Story 1
Sewer Sanitary sewer