Photo of 261 Cedarvale AvenueJust Listed
$799,900
261 Cedarvale Avenue
Approved COA severance for two 2000 sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus a basement apartment and VERY rare approved front PAD parking. Heavy lifting is done, can apply for building permit, see attached plans. Great investment for income/intergenerational living (adult kids, seniors) for end user, excellent transit options for multiplex investor. Potential for up to 4 units per semi as of right..total of 8 units as of right, no COA. Property will qualify for MLI Select, potential of up to 95% financing with preferred rates and up to 50yr amortization. Property was updated a few years ago and currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35ft lot, excellent schools, close to subway and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning & building by-laws and approvals to their own satisfaction.
| MLS® Number | E12774930 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Single Family Home |
| Interior Size | 700 sq ft |
| Beds / Baths | 2 bed · 1 bath |
| City | Danforth / East York |
| Postal Code | M4J 2M9 |
| Province | ON |
| Listed Date | March 3, 2026 |
| Days on Market | 90 |
| Price per Sq Ft | $1,570 |
| Brokerage | REAL ESTATE HOMEWARD |
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