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50 Elinor Avenue, Toronto E04, ON M1R 3H4

Wexford-Maryvale · M1R 3H4

$1,199,999

MLS® #E13177558

5

Bedrooms (3+2)

3

Bathrooms

1100-1500

Sq Ft

About This Property

Welcome to a Rare Opportunity Offering Charm, Space, Strong Income Potential, and Future Redevelopment Possibilities - All Situated on an Exceptional 40 x 193 Ft Lot. This Beautifully Maintained 3+2 Bedroom Bungalow Delivers Incredible Flexibility for Investors, Multi-Generational Families, or Buyers Seeking the Perfect Blend of Comfortable Living and Significant Rental Income.The Main Level Features a Warm and Functional Layout Highlighted by an Updated Kitchen With Quartz Countertops (2025), New Main Floor Kitchen Appliances (2025), and Bright, Inviting Living Spaces Filled With Natural Light. 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 Rental Income Potential of Approximately $6,140/Month Including the Main Level.What Truly Elevates This Property Is the Exceptional Lot Size and Future Potential. The Expansive Backyard Presents Exciting Opportunities 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 Features Existing Water and Power Supply, Offering Outstanding Potential for a Future Garage Conversion Into One or Possibly Two Additional Income-Generating Units.Pride of Ownership Is Evident Throughout With Numerous Recent Updates Including a New Roof (2025), Repaired and Cleaned Gutters (2026), Basement Renovations (2021), and Epoxy Garage Flooring (2023). Existing Solar Panels Help Offset Utility Costs by Approximately $300-$400/Month on Average.Whether You're Looking for a Turnkey Investment, a Multi-Income Property, or a Home With Long-Term Redevelopment Potential, This Property Offers Exceptional Value, Versatility, and Endless Possibilities on an Oversized Lot in a Highly Desirable Setting.

General Information

Property Type: Residential Freehold
Subtype: Detached
Transaction: For Sale
Architectural Style: Bungalow
Status: Active

Building & Mechanicals

Foundation: Block
Construction: Brick
Heating: Baseboard
Heating Fuel: Electric
Cooling: Wall Unit(s)
Sewer: Sewer

Basement

Basement: Apartment, Finished, Separate Entrance

Parking & Garage

Total Parking: 9
Parking Spaces: 2
Garage Type: Detached
Parking Features: Private

Lot & Land

Frontage: 40'
Depth: 193.62'

Interior Features

Features

Auto Garage Door Remote
Carpet Free
Floor Drain
In-Law Suite
Primary Bedroom - Main Floor
Solar Owned
Storage
Water Heater

Exterior Features

Patio
Landscaped
Privacy
Security Gate

Pool

None

Taxes

Annual Tax: $4,728
Tax Year: 2026

Mortgage Calculator

Home Price

Down Payment %

Rate %

Amortization (years)

Estimated monthly payment

$5,895

Down payment: $240,000 · Loan: $959,999

Estimate only. Actual rates and payments vary by lender.

Virtual Tour

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Listing Information

Last Updated: May 30, 2026

Listing courtesy of:

RE/MAX PROFESSIONALS INC.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided is for personal, non-commercial use and may not be used for any purpose other than identifying prospective properties consumers may be interested in purchasing. Last updated: May 30, 2026.

Measurements, dimensions, and other property details are provided by the listing brokerage and have not been independently verified. Information is deemed reliable but is not guaranteed and should be confirmed by the buyer and their representative.