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Listed by Keller Williams Real Estate Associates-Bradica Group.
62 Elder Avenue is a Detached, Bungalow and is currently for Sale @ $859,000. Taxes in 2024 were $3,390.00.
More homes for sale under 900k in Toronto
A rare opportunity in the heart of Long Branch - 62 Elder Ave offers the perfect blend of lifestyle and long-term potential, appealing to both new homebuyers and savvy investors. The Bungalow on 62 Elder Avenue has 2 bedrooms, 1 bathrooms, and is located on a 125 x 36 ft lot in the community of Long Branch . This detached bungalow sits on a wide and deep 36 ft x 125 ft lot, making it an ideal choice for first-time buyers looking to settle in a vibrant lakeside neighbourhood with room to grow. Located on a peaceful, tree-lined street just a short walk from the waterfront, parks, beaches, and the cafes and shops of Lake Shore Boulevard, this home offers a relaxed, walkable lifestyle with excellent transit access via Long Branch GO Station and quick connections to major highways. For developers, builders, or investors, the upside is significant. As-of-right zoning under Toronto's new EHON program allows for up to four residential units plus a garden suite, with $0 development charges for up to five units, saving hundreds of thousands. The lot is primed to maximize density while keeping costs down. Eligible builds may also qualify for CMHC's MLI Select program, offering up to 95% loan-to-cost financing, lower interest rates, and 50-year amortizations (details available at CMHC.ca). A detailed development report is available upon request. Whether you're envisioning your first home with future growth potential or seeking a high-performing investment in one of Toronto's most evolving communities, 62 Elder Ave delivers unmatched flexibility and value.
The address 62 Elder Avenue was listed for sale (MLS# W12236814) on Friday, June 20, 2025.
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36 x 125 ft lot
