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House for sale: 62 ELDER AVENUE, Toronto
62 Elder Avenue
$859,000
Toronto , Ontario M8W1S4
2 bed
1 bath
About the Property

Lakeshore Blvd W & Kipling Ave A rare opportunity in the heart of Long Branch - 62 Elder Ave offers the perfect blend of lifestyle and long-term potential, appealing to both new homebuyers and savvy investors. This detached bungalow sits on a wide and deep 36 ft x 125 ft lot, making it an ideal choice for first-time buyers looking to settle in a vibrant lakeside neighbourhood with room to grow. Located on a peaceful, tree-lined street just a short walk from the waterfront, parks, beaches, and the cafes and shops of Lake Shore Boulevard, this home offers a relaxed, walkable lifestyle with excellent transit access via Long Branch GO Station and quick connections to major highways.

For developers, builders, or investors, the upside is significant. As-of-right zoning under Toronto's new EHON program allows for up to four residential units plus a garden suite, with $0 development charges for up to five units, saving hundreds of thousands. The lot is primed to maximize density while keeping costs down. Eligible builds may also qualify for CMHC's MLI Select program, offering up to 95% loan-to-cost financing, lower interest rates, and 50-year amortizations (details available at CMHC.ca). A detailed development report is available upon request. Whether you're envisioning your first home with future growth potential or seeking a high-performing investment in one of Toronto's most evolving communities, 62 Elder Ave delivers unmatched flexibility and value. (id:27476)

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Property Details
MLS® Number
W12236814
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: Royal LePage Real Estate Associates, Bradica Group

$859,000 - 62 ELDER AVENUE, Toronto Ontario M8W 1S4, Canada | Real Estate For Sale | HomeAds.ca

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Updated August 15th 2025 5:53 am

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