$1,249,000Asking Price
322 Cosburn Avenue, Toronto E03, ON M4J 2M9
Old East York, Toronto
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.
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.
See MoreKey Info
- Bungalow Detached
- 1-Car Driveway
- 1-Car Detached Garage
- Cosburn & Greenwood
- 700-1100 Approximate Sq Feet
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 35 x 100 Feet
- Brick Exterior
- Taxes were $4,299 in 2025
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #E12450024
- REAL ESTATE HOMEWARD
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom | |||
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Who lives here?
Old East York, Toronto is a central Toronto neighbourhood notable for its executives, business and education, law & public sector professionals and tradespeople. It has a higher than average population of immigrants from Greece, and Greek speakers. Residents tend to be older with a significant number of kids aged 10 to 14, adults aged 40 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
46%
of residents are
single and loving it.
46% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
36%
of residents
are renters.
36% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
43%
of residents are
university grads.
43% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$133K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 14% |
| Government | 12% |
| Business | 11% |
| Management | 8% |
| Trades | 6% |
Immigrants
34%
of residents were
born outside of Canada.
34% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
5.3% from Greece
All-time
Birthplace - Recent
0.4% from Philippines
Recent
Foreign Languages
Foreign Languages
| Greek | 10% |
| Tagalog | 3% |
| Cantonese | 2% |
| Italian | 2% |
| French | 2% |
Religions
Religions
| Christian | 69% |
| Hindu | 2% |
| Buddhist | 2% |
| Muslim | 1% |
| Jewish | 1% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
