2424 Bayview Avenue Toronto, Ontario M2L 1A3

$3,198,888

**LIVE / INVEST / DEVELOP** - A rare development play in Canada's most prestigious neighbourhood, offering immediate ROI and significant future upside. This beautiful 3+2 Bedroom ranch-style bungalow w/Finished Walk up Bsmt, features a recently refreshed exterior and a well-maintained, updated interior, making it equally suited for comfortable living or as an income-producing rental.Situated along the Bayview Ave. corridor and within an area identified under Toronto's Avenues framework, the real value lies in its redevelopment potential. Six-storey development precedent has already been established along the corridor, with strong potential for additional height and density, subject to planning considerations and municipal approvals.Set on one of the largest lots along the Bayview/Arjay strip, this property combines immediate residential or rental value with compelling redevelopment potential and long-term growth-all in one exceptional offering. (id:12481)

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https://www.realtor.ca/real-estate/30140980/2424-bayview-avenue-toronto-bridle-path-sunnybrook-york-mills-bridle-path-sunnybrook-york-mills