Redevelopment opportunity in a prime location! Don't miss your chance to own this spacious 5-bedroom, 2-bath bungalow situated on a large 50 x 138.5 ft lot. Featuring a separate basement entrance with an in-law suite, this property offers excellent income potential and endless possibilities for investors, builders, or families looking to customize their dream home. Conveniently located close to amenities, transit, schools, and more. A rare opportunity with tremendous upside! The owners have already completed the architectural design, grading plan, mechanical plan, structural plan, survey, and asbestos reports for the property. The proposed development is a single home with two additional dwelling units (3 units total), consisting of:Second Floor: 3 bedrooms and 2 full bathroomsMain Floor: 3 bedrooms and 2 full bathroomsBasement Unit: 2 bedrooms and 1 full bathroom. The architectural design is available upon request. The house is currently vacant, allowing a purchaser to immediately begin interior renovations. (id:28469)
Facts & features
Property
MLS® Number
X13110248
Property Type
Single Family
Community Name
3605 - Alta Vista
Ownership
Freehold
Features
In-law Suite
Parking Space Total
5
Building
Bathroom Total
2
Bedrooms Above Ground
3
Bedrooms Below Ground
2
Bedrooms Total
5
Appliances
Water Heater
Architectural Style
Bungalow
Basement Features
Separate Entrance
Basement Type
N/a
Construction Style Attachment
Detached
Cooling Type
Central Air Conditioning
Exterior Finish
Brick
Fireplace Present
Yes
Foundation Type
Concrete
Heating Fuel
Natural Gas
Heating Type
Forced Air
Stories Total
1
Size Interior
1,500 - 2,000 Sqft
Type
House
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
138 Ft ,6 In
Size Frontage
50 Ft
Size Irregular
50 X 138.5 Ft
Size Total Text
50 X 138.5 Ft
Zoning Description
Residential
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$3,763/mo
Ontario land transfer tax
$13,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.