497-499 Evans Avenue Toronto, Ontario M8W 2V2

$1,499,999

Whether you're an investor seeking exceptional cash flow or a savvy homebuyer looking to offset your mortgage with rental income, this rare offering checks all the boxes.This unique property features two separate dwellings on one lota perfect blend of modern construction and spacious design: The Original Home offers generous living space with 4+2 bedrooms and 2 full bathrooms, currently tenanted and generating consistent rental income. The Second Home, newly built in 2022, boasts a modern 1-bedroom + den layout with a spacious full bathroom on the upper levelideal for owner-occupancy, extended family, or premium rental potential. With zoning and potential to develop up to 6 separate units, the income possibilities are substantial. Whether you hold, live, or build, this property offers flexibility and long-term upside.Don't miss out on this rare dual-dwelling opportunitybook your private showing today! (id:42776)

Property Details

MLS® Number	W12396025
Property Type	Single Family
Community Name	Alderwood
Equipment Type	Water Heater
Features	Carpet Free, Sump Pump
Parking Space Total	4
Rental Equipment Type	Water Heater

Building

Bathroom Total	4
Bedrooms Above Ground	7
Bedrooms Total	7
Age	51 To 99 Years
Appliances	Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Type	N/a (finished)
Construction Style Attachment	Detached
Construction Style Split Level	Sidesplit
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Stucco
Foundation Type	Block
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	2,500 - 3,000 Ft2
Type	House
Utility Water	Municipal Water

Parking

Attached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	106 Ft
Size Frontage	48 Ft ,1 In
Size Irregular	48.1 X 106 Ft
Size Total Text	48.1 X 106 Ft

https://www.realtor.ca/real-estate/28846480/497-499-evans-avenue-toronto-alderwood-alderwood