497-499 Evans Avenue Toronto, Ontario M8W 2V2
$1,499,999
Whether you're an investor seeking exceptional cash flow or a savvy homebuyer looking to offset your mortgage with rental income, this rare offering checks all the boxes.This unique property features two separate dwellings on one lota perfect blend of modern construction and spacious design: The Original Home offers generous living space with 4+2 bedrooms and 2 full bathrooms, currently tenanted and generating consistent rental income. The Second Home, newly built in 2022, boasts a modern 1-bedroom + den layout with a spacious full bathroom on the upper levelideal for owner-occupancy, extended family, or premium rental potential. With zoning and potential to develop up to 6 separate units, the income possibilities are substantial. Whether you hold, live, or build, this property offers flexibility and long-term upside.Don't miss out on this rare dual-dwelling opportunitybook your private showing today! (id:63008)
Property Details
| MLS® Number | W12396025 |
| Property Type | Single Family |
| Community Name | Alderwood |
| EquipmentType | Water Heater |
| Features | Carpet Free, Sump Pump |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 4 |
| BedroomsAboveGround | 7 |
| BedroomsTotal | 7 |
| Age | 51 To 99 Years |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| ConstructionStyleSplitLevel | Sidesplit |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick, Stucco |
| FoundationType | Block |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 2500 - 3000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 106 Ft |
| SizeFrontage | 48 Ft ,1 In |
| SizeIrregular | 48.1 X 106 Ft |
| SizeTotalText | 48.1 X 106 Ft |
https://www.realtor.ca/real-estate/28846480/497-499-evans-avenue-toronto-alderwood-alderwood
Farhan Mahmood
Salesperson
5 Edinburgh Road South Unit 1
Guelph, Ontario N1H 5N8
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September 11 2025 03:26:40
Muskoka Haliburton Orillia – The Lakelands Association of REALTORS®
Keller Williams Home Group Realty