374 Atlas Avenue Toronto, Ontario M6C 3P9

$1,799,000

Attention investors and developers! This is 374 Atlas Avenue - a rare, fully vacant detached houseplex offering a true blank canvas for investors and end-users alike. With front and side entrances and separate staircases, the layout presents a great potential to complete as a 3 x spacious 2-bedroom units or to reconfigure into a highly efficient 6 x 1-bedroom unit setup.Situated at the border of the Cedarvale neighbourhood, just minutes to Cedarvale Station -formerly Eglinton West Station- interchange of Line 1 & Line 5 LRT, this location delivers exceptional transit connectivity with quick access to Allen Road and Highway 401. Located next door to Laughlin Park with playground and family-friendly amenities, the property is also steps away from one of Toronto's hidden gems, Cedarvale Park: it offers scenic ravine trails connecting to Beltline, tennis courts, sports fields, off-leash dog areas, summer splash pad, ice rink arena, and winter tobogganing hills - perfect for year-round recreation.The property includes a private driveway with 4 parking spaces at the rear. With the City's Official Plan Amendment (effective June 2025) supporting increased density, this asset offers strong potential to achieve a 5%+ cap rate depending on execution. Whether you're looking to renovate, optimize, or redevelop, this is a compelling value-add opportunity in a rapidly evolving pocket of the city with many new-builds and multiplexes already established. Buyers and their representatives to conduct their own due diligence. (id:61215)

Property Details

MLS® Number	C12955194
Property Type	Multi-family
Community Name	Oakwood Village
Amenities Near By	Park, Public Transit, Schools
Parking Space Total	4
Structure	Shed

Building

Basement Features	Apartment In Basement
Basement Type	N/a
Cooling Type	None
Exterior Finish	Brick
Foundation Type	Brick
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Triplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Park, Public Transit, Schools
Sewer	Sanitary Sewer
Size Depth	95 Ft ,9 In
Size Frontage	30 Ft ,6 In
Size Irregular	30.5 X 95.8 Ft ; *right Of Way
Size Total Text	30.5 X 95.8 Ft ; *right Of Way

https://www.realtor.ca/real-estate/29555485/374-atlas-avenue-toronto-oakwood-village-oakwood-village