Approved COA severance for two 2000sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus basement apartment and very rare approved front pad parking. Heavy lifting is done, can apply for building permit, see attached plans. Great basement income/intergenerational living (adult kids, seniors) for end user or excellent rental income location for multiplex investor. Potential for up to 4 units per semi as of right, no committee of adjustment necessary. Property will qualify for MLI Select financing, which can potentially finance up to 95% loan to cost at excellent interest rates on 50yr amortization (allowing investor to recoup all or most of their investment upon completion with positive cash flow) Property was updated a few years ago and is currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35 ft frontage. Excellent school district, close to subway station and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning by-laws and approvals to their own satisfaction.
Address
322 Cosburn Avenue
List Price
$1,249,000
MLS® Status
New
Expiration Date
2025-12-28
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Toronto E03
Sub-Area
East York
Region
Toronto
Bedrooms
2
Bedrooms (Total)
2
Rooms Above Grade
5
Bathrooms
1
Floor Area
700-1100 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
100
Lot Size Units
Feet
Lot Width
35
Parcel Number
104080330
Occupant Type
Tenant
Cross Street
Cosburn & Greenwood
MLS® Number
E12450024
Listing Brokerage
REAL ESTATE HOMEWARD
Basement Area
Development Potential, Partially Finished
Postal Code
M4J 2M9
Parking
Available
Parking Places (Total)
2
Parking Spaces
1
Tax Amount
$4,299.00
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Unknown
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PLAN 2979 PT LOT 46
Waterfront
No
Sewer
Sewer