Attention investors and developers! This is 374 Atlas Avenue - a rare, fully vacant detached houseplex offering a true blank canvas for investors and end-users alike. With front and side entrances and separate staircases, the layout presents a great potential to complete as a 3 x spacious 2-bedroom units or to reconfigure into a highly efficient 6-unit setup. Situated at the border of the Cedarvale neighbourhood, just minutes to Cedarvale Station -formerly Eglinton West Station- interchange of Line 1 & Line 5 LRT, this location delivers exceptional transit connectivity with quick access to Allen Road and Highway 401. Located next door to Laughlin Park with playground and family-friendly amenities, the property is also steps away from one of Toronto's hidden gems, Cedarvale Park: it offers scenic ravine trails connecting to Beltline, tennis courts, sports fields, off-leash dog areas, summer splash pad, ice rink arena, and winter tobogganing hills - perfect for year-round recreation. The property includes a private driveway with 4 parking spaces at the rear. With the City's Official Plan Amendment (effective June 2025) supporting increased density, this asset offers strong potential to achieve a 5%+ cap rate depending on execution. Whether you're looking to renovate, optimize, or redevelop, this is a compelling value-add opportunity in a rapidly evolving pocket of the city with many new-builds and multiplexes already established. (id:13843)
| MLS # | C12955194 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 139 |
| Listing Provided By | THE AGENCY | LAMIS DANTAS |
| SQ Feet | 2,000 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
| Tax Annual Amount | 0 |
|---|
| Province | ON |
|---|---|
| City | Toronto (Oakwood Village) |
| Postal Code | M6C3P9 |
| Listing VS Median (in M6C3P9) | |
Price: $1,799,000 low | high Med: $1,299,000 sqft: 2,000 low | high Med: 2,189 $ / sqft: $900 low | high Med: $593 On site: 139 low | high Med: 108 | |
| Province | ON |
|---|---|
| City | Toronto (Oakwood Village) |
| Postal Code | M6C3P9 |
| Listing VS Median (in M6C3P9) | |
Price: $1,799,000 low | high Med: $1,299,000 sqft: 2,000 low | high Med: 2,189 $ / sqft: $900 low | high Med: $593 On site: 139 low | high Med: 108 | |