378 O'Connor Drive, Toronto (East York), M4J2V7

Home Overview

Description

This distinguished detached bungalow offers exceptional income potential, outstanding structural integrity, and significant redevelopment opportunities. Thoughtfully designed and well constructed, this 2+1 bedroom residence presents an ideal opportunity for buyers seeking both immediate returns and substantial long term upside.The main level welcomes you with a bright, open concept living and dining area graced by rich hardwood floors, recessed pot lighting, and a handsome fireplace. The generous kitchen features stainless steel appliances and ample space for culinary pursuits. Two spacious bedrooms on the main floor provide exceptional convenience for families or those preferring single level living.The lower level is particularly impressive, a fully finished, self contained in law suite with its own private side entrance, complete with a full kitchen, living area, and additional bedroom. This thoughtfully configured layout offers seamless income potential, whether you choose to reside upstairs while leasing the lower unit or rent the entire property for strong, reliable cash flow. The expansive private backyard provides a tranquil setting for outdoor entertaining or future expansion, complemented by a rare three car private driveway and detached garage. Notable redevelopment potential: Set on a generous lot with solid foundations, the property lends itself beautifully to thoughtful enhancements, including a rear extension, the addition of a second storey, or a complete teardown to create a new custom residence. It also falls within the well regarded Diefenbaker Public School catchment, further enhancing its desirability and demand. This is a rare opportunity to acquire a turnkey income generating property with excellent bones, superior in law configuration, and meaningful upside for renovation or redevelopment. An elegant foundation ready for your personal vision. (id:39198)

4 days

On Market

Single Family

Property Type

$4,049 / Year

Est. Taxes

House

Style

-

Garage

Finished, Separate entrance, N/A, N/A

Basement