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$ 859,000
Est. payment /mo
Active
62 Elder AVE Toronto W06, ON M8W 1S4
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision Long Branch
MLS Listing ID W12236814
Style Bungalow
Bedrooms 2
Annual Tax Amount $3,390
Tax Year 2024
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Toronto
Community Long Branch
Area Toronto
Zoning RD(f12;a370;d0.35)
Rooms
Basement Full, Partially Finished
Kitchen 1
Interior
Interior Features Other
Cooling None
Exterior
Parking Features Other
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Foundation Unknown
Lited by KELLER WILLIAMS REAL ESTATE ASSOCIATES-BRADICA GROUP