500, Atlas, Humewood-Cedarvale, Toronto, Residential Freehold

Description

Residential Freehold Detached For Sale.

Unmatched Opportunity in Coveted Cedarvale. 500 Atlas Avenue sits on a rare double-fronting lot with city-approved severance and plans to split into two lots each ready for a stunning 3-storey custom home, triplex, or fourplex "as of right". Your chance to secure two prime lots for just $850K each and to capitalize on the generous RM zoning. An unmatched value in this sought-after pocket.inside, the main floor has been tastefully renovated with an open-concept layout, modern. kitchen, updated systems, and integrated appliances, perfect for an owner to move in now while collecting income from the legal basement suite (tenant willing to stay or go). This flexible footprint lets you live, rent, or build now or later. Live in the upper unit and offset your mortgage, hold as a cash-flowing duplex, or break ground immediately with your plans ready to go. Located on a quiet street steps to Cedarvale Park and Cedarvale subway station, with quick access to Allen Rd, and all midtown amenities. Whether you're an end-user looking for lifestyle and upside, or a developer ready to unlock the full potential of this unique double frontage, this is an investment that truly checks every box. Seller open to VTB for well qualified buyers. Severance and building plans included. Endless options. Exceptional value.Codarmala's next landmark opportunity awaits.

Interior Features: Carpet Free, In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor

Cross Street: Eglinton/Atlas

Direction Faces: West