500 Atlas Avenue Toronto, Ontario M6C 3R3
$1,699,000
Unmatched Opportunity in Coveted Cedarvale. 500 Atlas Avenue sits on a rare double-fronting lot with city-approved severance and plans to split into two lots each ready for a stunning 3-storey custom home, triplex, or fourplex as of right". Your chance to secure two prime lots for just $850K~ each and to capitalize on the generous RM zoning. An unmatched value in this sought-after pocket. inside, the main floor has been tastefully renovated with an open-concept layout, modern kitchen, updated systems, and integrated appliances, perfect for an owner to move in now while collecting income from the legal basement suite (tenant willing to stay or go). This flexible footprint lets you live, rent, or build now or later. Live in the upper unit and offset your mortgage, hold as a cash-flowing duplex, or break ground immediately with your plans ready to go. Located on a quiet street steps to Cedarvale Park and Cedarvale subway station, with quick access to Allen Rd, and all midtown amenities. Whether youre an end-user looking for lifestyle and upside, or a developer ready to unlock the full potential of this unique double frontage, this is an investment that truly checks every box. Seller open to VTB for well qualified buyers. Severance and building plans included. Endless options. Exceptional value. Cedarvales next landmark opportunity awaits. (id:60365)
Property Details
| MLS® Number | C12280320 |
| Property Type | Single Family |
| Community Name | Humewood-Cedarvale |
| Features | Carpet Free, In-law Suite |
| ParkingSpaceTotal | 1 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 4 |
| Appliances | Dishwasher, Dryer, Freezer, Microwave, Stove, Washer, Refrigerator |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementFeatures | Apartment In Basement, Walk Out |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Wall Unit |
| ExteriorFinish | Brick |
| FlooringType | Hardwood |
| HeatingFuel | Oil |
| HeatingType | Hot Water Radiator Heat |
| StoriesTotal | 1 |
| SizeInterior | 700 - 1100 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 122 Ft |
| SizeFrontage | 28 Ft ,6 In |
| SizeIrregular | 28.5 X 122 Ft |
| SizeTotalText | 28.5 X 122 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Recreational, Games Room | 7.4 m | 5.55 m | 7.4 m x 5.55 m |
| Basement | Bedroom 4 | 5.6 m | 2.82 m | 5.6 m x 2.82 m |
| Basement | Kitchen | 4.65 m | 2.92 m | 4.65 m x 2.92 m |
| Main Level | Living Room | 5.18 m | 3.25 m | 5.18 m x 3.25 m |
| Main Level | Dining Room | 2.85 m | 2.85 m | 2.85 m x 2.85 m |
| Main Level | Kitchen | 5.67 m | 2.74 m | 5.67 m x 2.74 m |
| Main Level | Primary Bedroom | 3.88 m | 2.88 m | 3.88 m x 2.88 m |
| Main Level | Bedroom 2 | 3.72 m | 2.88 m | 3.72 m x 2.88 m |
| Main Level | Bedroom 3 | 3.06 m | 2.79 m | 3.06 m x 2.79 m |
David Chiarucci
Salesperson
8 Sampson Mews Suite 201 The Shops At Don Mills
Toronto, Ontario M3C 0H5
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July 12 2025 12:43:47
Toronto Real Estate Board
Royal LePage Signature Realty
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