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House for sale: 62 ELDER AVENUE, Toronto
62 Elder Avenue
$749,900
Toronto , Ontario M8W1S4
2 bed
1 bath
About the Property

Lakeshore Blvd W & Kipling Ave A rare opportunity in the heart of Long Branch - welcome to 62 Elder Ave, a detached bungalow on a spacious 36 ft x 125 ft lot, ideal for developers, builders, or end-users looking to create something special in one of Toronto's most vibrant lakeside neighbourhoods. Investment and Development potential is huge with this wide lot. As of right use allows for anything from a detached home all the way up to a four-plex with a garden suite.

As of right, building permits for 62 Elder containing 2, 3 or 4 units plus a garden suite are eligible for $0 development fees, saving hundreds of thousands of dollars under Toronto's new EHON program. Maximizing your development with 5 units gives potential access to the CMHC MLI Select Program offering lower interest rates, up to 95% loan-to-cost and 50-year amortizations (full details available at CMHC.ca). Development report available upon request. The location is unbeatable, nestled on a picturesque, tree-lined street. 62 Elder Ave is just a short walk from the lakefront, parks, beaches, and the charming local shops and eateries along Lake Shore Boulevard. With nearby transit options, Long Branch GO Station, and easy access to major highways, this property connects the waterfront's tranquillity with the city's convenience. Whether you're planning to build your dream home or capitalize on a strong redevelopment opportunity, this property is a solid investment in a rapidly evolving, high-demand neighbourhood. (id:27476)

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Property Details
MLS® Number
W12211114
Type
Single Family
Community Name
Long Branch
Ownership Type
Freehold
Land Size
36 x 125 FT
Parking Space Total
2
Building
Building Type
House
Storeys
1
Square Footage
0 - 699 sqft
Bathrooms Total
1
Bedrooms Above Ground
2
Bedrooms Total
2
Exterior Finish
Stone, Wood
Fireplace Present
No
Basement Type
Full (Partially finished)
Building Heating Type
Baseboard heaters
Heating Fuel
Electric
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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Listing provided by: KELLER WILLIAMS REAL ESTATE ASSOCIATES-BRADICA GROUP

$749,900 - 62 ELDER AVENUE, Toronto Ontario M8W 1S4, Canada | Real Estate For Sale | HomeAds.ca

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Updated June 16th 2025 11:45 am

Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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