50 Elinor Avenue, Toronto, ON M1R 3H4
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.
Interior features
Auto Garage Door Remote, Carpet Free, Floor Drain, In-Law Suite, Primary Bedroom - Main Floor, Solar Owned, Storage, Water Heater
Basement
Apartment, Finished, Separate Entrance
Bathrooms
1 × 4-piece — Main, 1 × 4-piece — Lower, 1 × 3-piece — Lower
Fireplace
No
Family room
Yes
Kitchens
3
Rooms (above / below grade)
6 above, 4 below
Architectural style
Bungalow
Construction materials
Brick
Foundation
Block
Roof
Asphalt Shingle
Exterior features
Patio, Landscaped, Privacy, Security Gate
Direction faces
West
Garage type
Detached
Garage spaces
2
Total parking spaces
9
Driveway parking
7
Parking features
Private
Lot size
40 x 193.62 ft
Cross street
Pharmacy & Lawrence Ave
Directions
North of Lawrence & East of Pharmacy
Neighbourhood
Wexford-Maryvale
Heating
Baseboard — Electric
Cooling
Wall Unit(s)
Water
Sewer
Sewer
List price
$1,199,999
Original list price
Annual taxes
$4,728
Tax year
2026
Legal description
PT LT 74, PLAN 3328 IN TB446824 SCARBOROUGH , CITY OF TORONTO
Inclusions
Exclusions
MLS #
E13177558
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
Flexible
Occupancy
Owner+Tenant
Listing brokerage
RE/MAX PROFESSIONALS INC.
$974,448
Median list price
34
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$5,753
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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