Discover a Prime Investment opportunity with this 2 unit raised brick bungalow, perfectly situated in the Designer District, featuring separate entrances for each apartment. This property offers the potential for immediate rental income, or future redevelopment, featuring two distinct living spaces each with its own character. This bungalow is an ideal choice for investors seeking to capitalize on the growing demand for multifamily homes. Whether you envision enhancing the existing units or exploring a future build, this property promises versatility, and value in a thriving community. The main floor apartment showcases, two spacious bedrooms, each featuring hardwood floors and generous double closets. The second bedroom includes a private walkout to a charming deck, perfect for enjoying the morning sunshine or relaxing in the evening. Open concept living room and dining room areas are designed for a bright and airy feel enhanced by timeless hardwood flooring and large windows with elegant wood shutters. The modern kitchen is equipped with a double sink, ceramic tile floor and ample cupboard space. All Appliances are included. The main floor offers a five piece washroom with a spa jet tub and double sinks. The lower level apartment offers two bedrooms, three piece washroom and a kitchen with an open concept living room and above grade windows. The current tenant in the lower level is willing to remain currently paying $1585/month. The main floor tenant pays 2450/month + 50% of utilities. 50% of the utilities is paid by the owner. The child safe backyard is fully fenced offers a spacious deck, built in garage and private drive with three parking spots for convenience. Located in a family friendly neighbourhood in the Designer district, close to all amenities, park schools and walking distance to the Eglinton subway. This raised bungalow is not just a home. - It's an investment in your future.
Address
52 Montcalm Avenue
List Price
$799,000
MLS® Status
New
Expiration Date
2026-08-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow-Raised
Transaction Type
Sale
Area
Toronto W04
Sub-Area
Briar Hill-Belgravia
Region
Toronto
Bedrooms
2 + 2
Bedrooms (Total)
4
Rooms Above Grade
5
Rooms Below Grade
3
Rooms (Total)
6
Bathrooms
2
Floor Area
700-1100 Sq. Ft.
Lot Depth
125
Lot Size Units
Feet
Lot Width
25
Parcel Number
104840104
Occupant Type
Tenant
Cross Street
EGLINTON/CASTLEFIELD
MLS® Number
W12886502
Listing Brokerage
RE/MAX PREMIER INC.
Basement Area
Finished, Separate Entrance, Apartment
Postal Code
M6E 4N7
Posession Details
TBA/60 DAYS
Parking
Private
Parking Places (Total)
4
Parking Spaces
3
Tax Amount
$4,034.00
Tax Year
2025
Site Influences
Deck, Fenced Yard, Porch, Public Transit, School
Exterior Features
Deck, Porch
Interior Features
None
Property Features
Public Transit, Fenced Yard, School
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
No
Foundation Details
Unknown
Garage
Yes
Garage Type
Built-In
Attached Garage
Yes
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Rolled
Tax Legal Description
Pt Lt 298 Pl 1855 TWP OF YORK AS IN TB574331; TORONTO(YORK),CITY OF TORONTO
Waterfront
No
Waterfront
None
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 4.7 x 3.3 Meters | Hardwood Floor, Open Concept, Window |
| Main | Dining Room | 2.95 x 2.75 Meters | Hardwood Floor, Open Concept, Window |
| Main | Kitchen | 3.75 x 2.8 Meters | Double Sink, Tile Floor, Window |
| Main | Primary Bedroom | 3 x 3 Meters | Double Closet, Hardwood Floor, Window |
| Main | Bedroom 2 | 3.1 x 3.2 | Double Closet, Hardwood Floor, Walk-Out |
| Main | Foyer | 2.15 x 1.01 | |
| Basement | Foyer | 2 x 1.85 | Double Closet |
| Basement | Kitchen | 3.65 x 2.4 | Double Sink, Tile Floor |
| Basement | Living Room | 4.55 x 2.4 | Tile Floor, Window |
| Basement | Bedroom | 3.3 x 3 | Above Grade Window, Laminate |
| Basement | Bedroom | 3.3 x 2.9 | Hardwood Floor, Window |