$1,199,999Asking Price
50 Elinor Avenue, Toronto E04, ON M1R 3H4
Wexford, Toronto
Welcome to a rare opportunity that blends charm, space, income potential, and future upside - all on an exceptional 40 x 193 ft lot. This beautifully maintained 3+2 bedroom bungalow offers versatility for investors, multi-generational families, or buyers looking to live while generating substantial rental income. The main level features a warm and inviting layout with an updated kitchen complete with quartz countertops (2025), new appliances (2025), and bright living spaces. The finished basement includes two separate tenanted units - a bachelor suite and a 1-bedroom, 1-bath suite - currently generating $3,140/month in rental income, with total projected income potential of approximately $6,140/month including the main level. What truly sets this property apart is the land and future development potential. The massive backyard offers exciting possibilities for a future garden suite, rear addition, or even a custom new-build opportunity (buyer to complete their own due diligence). The large detached 2-car garage already includes existing water and power supply, creating excellent potential for a future garage conversion into one or possibly two additional income-generating units. Extensively updated and well cared for, this property features a new roof (2025), repaired and cleaned gutters (2026), basement renovations (2021), and epoxy garage flooring (2023). Solar panels help offset utility costs by approximately $300-$400/month on average. Whether you're searching for a smart investment, a multi-income property, or a home with long-term redevelopment potential, this property delivers endless possibilities on an oversized lot in a highly desirable setting.
Welcome to a rare opportunity that blends charm, space, income potential, and future upside - all on an exceptional 40 x 193 ft lot. This beautifully maintained 3+2 bedroom bungalow offers versatility for investors, multi-generational families, or buyers looking to live while generating substantial rental income. The main level features a warm and inviting layout with an updated kitchen complete with quartz countertops (2025), new appliances (2025), and bright living spaces. The finished basement includes two separate tenanted units - a bachelor suite and a 1-bedroom, 1-bath suite - currently generating $3,140/month in rental income, with total projected income potential of approximately $6,140/month including the main level. What truly sets this property apart is the land and future development potential. The massive backyard offers exciting possibilities for a future garden suite, rear addition, or even a custom new-build opportunity (buyer to complete their own due diligence). The large detached 2-car garage already includes existing water and power supply, creating excellent potential for a future garage conversion into one or possibly two additional income-generating units. Extensively updated and well cared for, this property features a new roof (2025), repaired and cleaned gutters (2026), basement renovations (2021), and epoxy garage flooring (2023). Solar panels help offset utility costs by approximately $300-$400/month on average. Whether you're searching for a smart investment, a multi-income property, or a home with long-term redevelopment potential, this property delivers endless possibilities on an oversized lot in a highly desirable setting.
See MoreKey Info
- Bungalow Detached
- 7-Car Driveway
- 2-Car Detached Garage
- Pharmacy & Lawrence Ave
- 700-1100 Approximate Sq Feet
- Basement: Apartment, Finished
- 3 + 2 Kitchens
- Baseboard Electric Heating
Property
- Lot Size 40 x 193.62 Feet
- Brick Exterior
- Taxes were $4,728 in 2026
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #E13177558
- RE/MAX PROFESSIONALS INC.
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 4-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom on Lower | |||
| 1 3-Piece Bathroom on Lower | |||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Who lives here?
Wexford, Toronto is an east Toronto neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from the Philippines, and Tagalog speakers. Residents tend to be older with a significant number of youth aged 15 to 24, adults aged 50 to 64 and seniors aged 65 to 69.
Families
Kids Per Family
1.3
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
50%
of residents are
single and loving it.
50% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
42%
of residents
are renters.
42% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
31%
of residents are
university grads.
31% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$94K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 16% |
| Business | 11% |
| Trades | 9% |
| Government | 7% |
| Management | 5% |
Immigrants
50%
of residents were
born outside of Canada.
50% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
10.7% from Philippines
All-time
Birthplace - Recent
2.0% from Philippines
Recent
Foreign Languages
Foreign Languages
| Tagalog | 8% |
| Arabic | 4% |
| Greek | 4% |
| Tamil | 3% |
| Italian | 2% |
Religions
Religions
| Christian | 68% |
| Muslim | 9% |
| Hindu | 5% |
| Buddhist | 2% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
