$1,650,000
Toronto
140 Ascot Avenue, Toronto (Corso Italia-Davenport), Ontario, M6E1G4
This multi-family property in Toronto is for sale.
*** Visit the REALTOR website for further information about this Listing *** A rare gem with endless possibilities: Two move-in-ready family homes on one large lot in coveted Corso Italia - lived in and loved by two brothers and their growing families over the last 12 years, now ready for its next chapter. Ideal for multigenerational living, easy co-ownership, or live in one home while renting the other as a powerful income support. The property offers warm, spacious family living on one of Corso Italia's best streets. The main home features open living/dining area along with a number of recent renovations - updated kitchen and finishes, new tiles, staircase, vinyl siding - 3 upstairs bedrooms and renovated 3-piece bath. Finished basement features open rec room with new vinyl flooring, 4th bedroom (currently used as storage), renovated 3-piece bathroom, washer/dryer. Potential for partial-unit short-term rental operation (buyer to verify current bylaws and registration). In the rear laneway, is a 2-storey home built in 2021. Not your average "laneway suite," this build maximizes as-of-right bylaw providing identical above grade square footage to the main house. Single car parking pad leads to private entrance and into open-concept layout, with oversized windows, patio doors, quartz kitchen countertops, marble backsplash, main floor powder room, and stacked washer/dryer. Bright second floor with 2 skylights, master bedroom with walk-in closet & 3-piece ensuite, two additional bedrooms and 3-piece bath. Energy-efficient with iFlow HVAC, tankless heater, LED lighting, and NEMA 6-15 Tesla charger outlet. Beautiful shared backyard perfect for family barbecues, kids' play, or quiet coffee - all on one easy-to-manage lot. Steps to shops, restaurants, parks, schools and transit in vibrant Corso Italia. Own a piece of Toronto that truly works for your family and your future. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 169 days on market, against an average age of 63 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 7-bed multi-family in Toronto (Corso Italia-Davenport) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,650,000, about 20.1× the local median household income of $82,000.
Carrying it typically needs a household income of about $322,303 (20% down, 25-yr amortization, stress-tested) — roughly 293% above the area median.
Source: Statistics Canada, 2021 Census (FSA M6E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.