For Sale: 50 Elinor Avenue, Toronto, ON - REW
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$1,199,999
3 + 2 bd • 3 ba • 1100 - 1500 sf • House
50 Elinor Avenue
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$1,199,999
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50 Elinor AvenueToronto, ON, M1R 3H4

Wexford-Maryvale
  • 3 + 2 Bed
  • 3 Bath
  • 1100 - 1500 Sqft
  • House

About this home

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.
Listed by: Marc Routhier, Salesperson, RE/MAX PROFESSIONALS INC.

Home facts and features

Price details
List Price
$1,199,999
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Gross Taxes for 2026
$4,728
Home facts
Bedrooms
3 + 2
Full Bathrooms
3
Parking Spaces
9
Parking Details
Private
Property Type
House
Lot Size
40 ft x 193 ft (7744 ft²)
Depth
193.62
Frontage
40.0
Exterior Finish
Brick
Heating Type
Baseboard, Electric
Cooling
Wall Unit(s)
Basement Details
Apartment, Finished, Separate Entrance
Features
Carbon Monoxide Detectors, Fenced Yard, Landscaped, Patio, Privacy, Security Gate, Security System, Smoke Detector
Community
Agent details
Primary Agent
Marc Routhier
Primary Broker
RE/MAX PROFESSIONALS INC.
Listing details
Days on REW
13 Days
MLS® Number
E13177558
Source
Toronto Real Estate Board
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Property Insights

Buchanan Public School
  • Public
  • JK - 8
Wexford Collegiate School for the Arts
  • Public
  • 9 - 12
St Kevin Catholic School
  • Catholic
  • JK - 8
Manhattan Park Junior Public School
  • Public
  • JK - 6
Maryvale Public School
  • Public
  • JK - 8
Wexford Public School
  • Public
  • JK - 8
Precious Blood Catholic School
  • Catholic
  • JK - 8
Broadlands Public School
  • Public
  • K - 6
George Peck Public School
  • Public
  • JK - 8
Ellesmere Montessori School Inc
  • Private
  • K - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
Marc Routhier
Phone:
416-845-4471
Office:
416-236-1241
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