62 Elder Avenue new Save Request In-Person Tour Request Virtual Tour
Toronto,ON M8W 1S4
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 630 sqft
Price per Sqft $1,363
MLS Listing ID 40743293
Style Bungalow
Bedrooms 2
Full Baths 1
Abv Grd Liv Area 630
Annual Tax Amount $3,390
Property Sub-Type Detached
Source Mississauga
Property Description
A rare opportunity in the heart of Long Branch - 62 Elder Ave offers the perfect blend of lifestyle and long-term potential, appealing to both new homebuyers and savvy investors.
This detached bungalow sits on a wide and deep 36 ft x 125 ft lot, making it an ideal choice for first-time buyers looking to settle in a vibrant lakeside neighbourhood with room to grow. Located on a peaceful, tree-lined street just a short walk from the waterfront, parks, beaches, and the cafes and shops of Lake Shore Boulevard, this home offers a relaxed, walkable lifestyle with excellent transit access via Long Branch GO Station and quick connections to major highways.
For developers, builders, or investors, the upside is significant. As-of-right zoning under Toronto's new EHON program allows for up to four residential units plus a garden suite, with $0 development charges for up to five units, saving hundreds of thousands. The lot is primed to maximize density while keeping costs down. Eligible builds may also qualify for CMHC's MLI Select program, offering up to 95% loan-to-cost financing, lower interest rates, and 50-year amortizations. A detailed development report is available upon request.
Whether you're envisioning your first home with future growth potential or seeking a high-performing investment in one of Toronto's most evolving communities, 62 Elder Ave delivers unmatched flexibility and value.
Location
Province ON
County Toronto
Area Tw06 - Toronto West
Zoning RD(f12;a370;d0.35)
Direction Lakeshore Blvd. W. & Kipling Ave.
Rooms
Basement Full,Partially Finished
Main Level Bedrooms 2
Kitchen 1
Interior
Interior Features None
Heating Baseboard,Electric
Cooling Other
Fireplace No
Appliance Dryer,Refrigerator,Stove,Washer
Exterior
Roof Type Asphalt Shing
Lot Frontage 36.0
Lot Depth 125.0
Garage No
Building
Lot Description Urban,Park,Schools,Shopping Nearby
Faces Lakeshore Blvd. W. & Kipling Ave.
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow
Structure Type Stone,Wood Siding
New Construction No
Others
Senior Community No
Tax ID 075900219
Ownership Freehold/None