ON > Toronto
Toronto, ON M8W 1S4,62 Elder Avenue
Toronto, ON M8W 1S4,62 Elder Avenue
Toronto, ON M8W 1S4,62 Elder Avenue
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$799,900
Est. payment /mo
2 Beds
1 Bath
611 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 611 sqft

Price per Sqft $1,309

MLS Listing ID 40760800

Style Bungalow

Bedrooms 2

Full Baths 1

Abv Grd Liv Area 611

Annual Tax Amount $3,390

Property Sub-Type Single Family Residence

Source Cornerstone

Lot Depth 125.0

Lot Front 36.0

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

Area Tw06 - Toronto West

Zoning RD(f12;a370;d0.35)

Direction Lakeshore Blvd. W. & Kipling Ave.

Rooms

Basement Full, Partially Finished

Kitchen 1

Interior

Interior Features None

Heating Baseboard, Electric

Cooling Other

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Exterior

Roof Type Asphalt Shing

Lot Frontage 36.0

Lot Depth 125.0

Garage No

Building

Lot Description Urban, Park, Schools, Shopping Nearby

Faces Lakeshore Blvd. W. & Kipling Ave.

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Bungalow

Structure Type Stone,Wood Siding

New Construction No

Others

Senior Community false

Tax ID 075900219

Ownership Freehold/None

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Listed by Royal Lepage Real Estate Associates, Bradica Group

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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