$1,699,000Asking Price
500 Atlas Avenue, Toronto C03, ON M6C 3R3
Oakwood Village, Toronto
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 youre 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. Cedarvales next landmark opportunity awaits.
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 youre 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. Cedarvales next landmark opportunity awaits.
See MoreKey Info
- Bungalow Detached
- 0-Car Driveway
- 1-Car Detached Garage
- Eglinton/Atlas
- 700-1100 Approximate Sq Feet
- Basement Apartment
- 2 Kitchens
- Water Oil Heating
Property
- Lot Size 28.5 x 122 Feet
- Brick Exterior
- Taxes were $4,828 in 2024
- Possession: 90 Days/Flexible
Details
- No Fireplace
- Family Room
- Sewers
- Municipal Water
- MLS #C12280320
- ROYAL LEPAGE SIGNATURE REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 18.60' x 8.99' | Renovated, Updated, Breakfast Area |
 | 1 4-Piece Bathroom on Ground Floor | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Oakwood Village, Toronto is a central Toronto neighbourhood notable for its singles, education, law & public sector professionals, salespeople and tradespeople. It has a higher than average population of immigrants from the Philippines, and Italian, Spanish, Tagalog and Portuguese speakers. Residents tend to be older with a significant number of babies and adults aged 35 to 54.
Families
Kids Per Family
1.1
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
52%
of residents are
single and loving it.
52% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
47%
of residents
are renters.
47% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
41%
of residents are
university grads.
41% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$102K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 17% |
| Government | 11% |
| Business | 9% |
| Trades | 7% |
| Management | 7% |
Immigrants
48%
of residents were
born outside of Canada.
48% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
8.2% from Philippines
All-time
Birthplace - Recent
2.0% from Philippines
Recent
Foreign Languages
Foreign Languages
| Portuguese | 8% |
| Spanish | 7% |
| Italian | 6% |
| Tagalog | 5% |
| Greek | 2% |
Religions
Religions
| Christian | 67% |
| Jewish | 5% |
| Muslim | 3% |
| Buddhist | 2% |
| Hindu | 2% |
Social Housing
Social Housing Buildings
2
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
