49
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$1,699,000
Est. payment /mo
4 Beds
2 Baths
New
500 Atlas AVE Toronto C03, ON M6C 3R3
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision Humewood-Cedarvale
MLS Listing ID C12280320
Style Bungalow
Bedrooms 4
Annual Tax Amount $4,828
Tax Year 2024
Property Sub-Type Detached
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.
Location
State ON
County Toronto
Community Humewood-Cedarvale
Area Toronto
Rooms
Family Room Yes
Basement Apartment, Finished with Walk-Out
Kitchen 2
Separate Den/Office 1
Interior
Interior Features Carpet Free, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor
Cooling Wall Unit(s)
Fireplace No
Heat Source Oil
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Other
Lot Frontage 28.5
Lot Depth 122.0
Total Parking Spaces 1
Building
Foundation Other
Listed by ROYAL LEPAGE SIGNATURE REALTY