REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,249,000
Est. payment /mo
Active
322 Cosburn AVE Toronto E03, ON M4J 2M9
2 Beds
1 Bath
UPDATED:
Key Details
Property Type Single Family Home, Condo
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision East York
MLS Listing ID E12450024
Style Bungalow
Bedrooms 2
Annual Tax Amount $4,299
Tax Year 2025
Property Sub-Type Detached
Lot Depth 100.0
Lot Front 35.0
Property Description
Approved COA severance for two 2000sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus basement apartment and very rare approved front pad parking. Heavy lifting is done, can apply for building permit, see attached plans. Great basement income/intergenerational living (adult kids, seniors) for end user or excellent rental income location for multiplex investor. Potential for up to 4 units per semi as of right, no committee of adjustment necessary. Property will qualify for MLI Select financing, which can potentially finance up to 95% loan to cost at excellent interest rates on 50yr amortization (allowing investor to recoup all or most of their investment upon completion with positive cash flow) Property was updated a few years ago and is currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35 ft frontage. Excellent school district, close to subway station and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning by-laws and approvals to their own satisfaction.
Location
Province ON
County Toronto
Community East York
Area Toronto
Rooms
Family Room Yes
Basement Development Potential, Partially Finished
Kitchen 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 35.0
Lot Depth 100.0
Total Parking Spaces 2
Building
Foundation Unknown
Others
ParcelsYN No
Listed by REAL ESTATE HOMEWARD
GET MORE INFORMATION
