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50 ELINOR AVENUE, Toronto (Wexford-Maryvale)
2026-05-27
Quick Summary
MLS®#E13177558
Property Description
Welcome to a Rare Opportunity Offering Charm, Space, Strong Income Potential, and Future Redevelopment Possibilities - All Situated on an Exceptional 40 x 193 Ft Lot. This Beautifully Maintained 3+2 Bedroom Bungalow Delivers Incredible Flexibility for Investors, Multi-Generational Families, or Buyers Seeking the Perfect Blend of Comfortable Living and Significant Rental Income.The Main Level Features a Warm and Functional Layout Highlighted by an Updated Kitchen With Quartz Countertops (2025), New Main Floor Kitchen Appliances (2025), and Bright, Inviting Living Spaces Filled With Natural Light. The Finished Basement Includes Two Separate Tenanted Units - a Bachelor Suite and a 1-Bedroom, 1-Bath Suite - Currently Generating $3,140/Month in Rental Income, With Total Projected Rental Income Potential of Approximately $6,140/Month Including the Main Level.What Truly Elevates This Property Is the Exceptional Lot Size and Future Potential. The Expansive Backyard Presents Exciting Opportunities for a Future Garden Suite, Rear Addition, or Even a Custom New-Build Opportunity (Buyer to Complete Their Own Due Diligence). The Large Detached 2-Car Garage Already Features Existing Water and Power Supply, Offering Outstanding Potential for a Future Garage Conversion Into One or Possibly Two Additional Income-Generating Units.Pride of Ownership Is Evident Throughout With Numerous Recent Updates Including a New Roof (2025), Repaired and Cleaned Gutters (2026), Basement Renovations (2021), and Epoxy Garage Flooring (2023). Existing Solar Panels Help Offset Utility Costs by Approximately $300-$400/Month on Average.Whether You're Looking for a Turnkey Investment, a Multi-Income Property, or a Home With Long-Term Redevelopment Potential, This Property Offers Exceptional Value, Versatility, and Endless Possibilities on an Oversized Lot in a Highly Desirable Setting. (id:32467)
Property Features
Building
- Appliances: Garage door opener remote(s), Water Heater, Dishwasher, Dryer, Stove, Washer, Window Coverings, Refrigerator
- Architectural Style: Bungalow
- Basement Development: Finished
- Basement Features: Apartment in basement, Separate entrance
- Basement Type: N/A, N/A (Finished), N/A
- Construction Style: Detached
- Cooling Type: Wall unit
- Exterior Finish: Brick
- Fireplace: No
- Interior Size: 1100 - 1500 sqft
- Building Type: House
- Stories: 1
- Utility Water: Municipal water
Features
- Feature: Carpet Free, Solar Equipment, In-Law Suite
Land
- Land Size: 40 x 193.6 FT
- Sewer: Sanitary sewer
Ownership
- Type: Freehold
Structure
- Structure: Patio(s), Outbuilding
Information entered by RE/MAX PROFESSIONALS INC.
Listing information last updated on: 2026-06-01 12:09:22
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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