340 Patricia Avenue, Toronto, ON M2R 2M7
Newtonbrook West, Toronto · Near Yonge St/ Patricia Ave/ Bathurst St · View map
About this home
Absolutely Must See! Exceptional Fantastic Investment Opportunity! Premium 50 Ft Corner Lot Featuring An Upgraded Bungalow with A Separate Walk-Out Basement Apartment Plus A New Stylish Masterfully Built "Garden Suite" Based On Energy Efficient Design, Offering 3 Separate Living Units With Outstanding Income Potential& Variety Of Uses! Thoughtfully Designed& Expertly Crafted With High-End Finishes, Modern Features, and Advanced Engineering& Technology! This Unique Property Presents An Ideal Opportunity For Investors, Multi-Generational Families, Or Buyers Seeking Multiple Income Streams. The Newly Masterfully Built Garden Suite In 3Levels (3X645 = 1935 Sq.Ft ) >> * Main Floor with Living Rm, Dining Rm, Kitchen, Bedrm, 2-Pc Powder Rm& 4-Pc Ensuite! * 2nd Floor with Living Rm, Kitchen, 2 Bedrms, 2 x 3-Pc Ensuite! * Bright & Sunny Heated Floor Basement with Living Rm, Dining Rm, Kitchen& A Bedrm! All of Them Has Their Own Laundry Machine! These Configuration Includes Main Basement Apartments& 3 Garden suites Creates Excellent Potential For Rental Income& Enhances The Property's Revenue Opportunities. Beyond Its Immediate Income Potential, This Strategic Corner Bungalow Also Present an Exciting Future Redevelopment Opportunity, With Potential To Explore Multi-Unit Residential Construction Under The City Of Toronto's MLI Select Financing Program, Subject To Applicable Zoning, Planning Approvals, Building Requirements, and CMHC Eligibility.** An Outstanding Opportunity To Generate Income Today & During the Construction of Main Bungalow in the Future. A Rare Offering Combining Immediate Income Potential, Versatility& Future Development Possibilities! The New Garden Suite Represents A Significant Investment, With Construction Costs Exceeding $700,000! Uniquely Designed & Built With Independent Utility Connections, Offering A Significant Advantage For Future Redevelopment!Buyer To Verify with City Ideas For Potential Future Multi-Unit Redevelopment Attached to Photo Gallery!
The home
- Type
- Detached home
- Style
- Other
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 6
- Bathrooms
- 8
- Kitchens
- 5
- Rooms
- 7
- Basement
- Finished with Walk-Out, Separate Entrance
- Lot size
- 50 x 133.8 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 6
Taxes & other
- Property taxes
- $6,591/yr
- Tax year
- 2025
- Occupancy
- Owner+Tenant
- Possession
- 30-59 Days/TBD
- Cross street
- Yonge St/ Patricia Ave/ Bathurst St
- Neighbourhood
- Newtonbrook West
More
- Price per sq ft
- ~$1,461 (at 1,300 sq ft)
- MLS® number
- C14142132
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The home and its surroundings
- Guest Accommodations
- Sump Pump
- Fenced Yard
- Park
- Public Transit
- School
- Patio
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
340 Patricia Avenue, Toronto, ON M2R 2M7
Newtonbrook West, Toronto · Near Yonge St/ Patricia Ave/ Bathurst St
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Listing history for 340 Patricia Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 340 Patricia Avenue
Answers come straight from this home’s MLS® listing.
How much is 340 Patricia Avenue listed for, and what would it cost each month?
340 Patricia Avenue is listed for $1,899,000. With 20% down ($379,800), the mortgage payment would be roughly $7,660 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $8,209 a month, all in. That figure is an illustration, not a quote.
Is 340 Patricia Avenue freehold or a condo, and is there a monthly fee?
340 Patricia Avenue is a detached home in Newtonbrook West, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 340 Patricia Avenue have?
340 Patricia Avenue has 3 bedrooms, plus 6 more bedrooms in the basement, and 8 bathrooms. The listing gives the style as other.
Does 340 Patricia Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 6 parking spaces.
Does 340 Patricia Avenue have a finished basement?
The listing describes the basement as finished with walk-out, separate entrance. It counts 6 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 340 Patricia Avenue?
340 Patricia Avenue is a detached home. A detached home stands on its own lot with no shared walls.
How big is 340 Patricia Avenue, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 50 x 133.8 ft.
How is 340 Patricia Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 340 Patricia Avenue?
Property taxes are $6,591 a year (2025), or about $549 a month.
Where is 340 Patricia Avenue?
340 Patricia Avenue is in the Newtonbrook West community of Toronto. The nearest main intersection is Yonge St/ Patricia Ave/ Bathurst St. The postal code is M2R 2M7.
Is 340 Patricia Avenue still for sale?
Yes. It is an active listing (MLS® C14142132). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 340 Patricia Avenue asking?
Similar properties for sale nearby right now include 62 Caines Avenue at $1,348,800 (3+3 bed), 9 Tigerlily Court at $1,799,000 (4+3 bed) and 28 Clarkhill Street at $1,999,900 (4+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 340 Patricia Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 340 Patricia Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near Newtonbrook West, picked by style, size and price.
Detached home$1,348,80062 Caines Avenue, Toronto3+3 bed · 3 bath · Newtonbrook WestCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Detached home$1,799,0009 Tigerlily Court, Toronto4+3 bed · 4 bath · Newtonbrook WestCourtesy of: KELLER WILLIAMS REFERRED URBAN REALTYView home →
Detached home$1,999,90028 Clarkhill Street, Toronto4+3 bed · 6 bath · Newtonbrook WestCourtesy of: SUTTON GROUP-ADMIRAL REALTY INC.View home →Courtesy of: RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.