340 Patricia Avenue

Toronto, ON M2R 2M7 ( Newtonbrook West)

Quick Facts

Type: Detached

Style: Other

Size: Sq Ft

Age: Years

Taxes: $ 6,591 ( 2025)

Updated: 2026-11-07 16:20:17

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!

Extras

Detached

Property

Status: For Sale

MLS #: C14142132

Price: $ 1,899,000

Address: 340 Patricia Avenue

Type:

Style: Other

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 6,591

Tax Year: 2025

Lot Size:

Neighbourhood: Newtonbrook West

Nearest Intersection: Yonge St/ Patricia Ave/ Bathurst St

City: Toronto

Postal Code: M2R 2M7

DOM: 1 Day

Last Update: 2026-11-07 16:20:17

Building

Interior

Bedrooms: 9

Bathrooms: 8

Rooms: 0

Kitchens: 5

Family Room:

Fireplace:

Basement: Finished with Walk-Out Separate Entrance,

Central Vacuum:

Exterior

Exterior: Brick Stucco (Plaster),

Driveway:

Garage:

Garage Spaces:

Parking Spaces: 6.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

Features

Rooms