8
62 Elder Avenue
$799,900 Sale
Listed 4 days ago
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Key Facts
Key facts for 62 Elder Avenue
Property Type
House, Bungalow
Parking
0 garage, Private Drive Single Wide 2 parking
MLS #
40760800
Size
611 sqft
Basement
Full,Partially Finished
Listed on
2025-08-15
Lot size
-
Tax
$3,390 /yr
Days on Market
5
Year Built
-
Maintenance Fee
-
Description
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. This detached bungalow sits on a wide and deep 36 ft x 125 ft lot, making it an ideal choice for first-time buyers lookin...g 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., Directions:Lakeshore Blvd. W. & Kipling Ave., Exclusions:
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Listing courtesy of: Royal Lepage Real Estate Associates, Bradica Group