Home with brick exterior material, street for 497-499 Evans Ave, Toronto Ontario M8W 2V2
15 hours on Market

497-499 Evans Ave, Toronto, Ontario M8W 2V2

Detached
7
4
~2500-3000 sqft
$1,499,999
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$15,000Cashback
Detached
7
4
~2500-3000 sqft

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Highlights

Property Estimate

Days on market15 hours

Estimated valueNot available

Price/Sqft$549/sqft

Monthly cost

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CMA Subject Property

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+3

Properties sold*

$1.1M

Median sold price*

*Based on last 30 days

Description

Whether you're an investor seeking exceptional cash flow or a savvy homebuyer looking to offset your mortgage with rental income, this rare offering checks all the boxes.This unique property features two separate dwellings on one lota perfect blend of modern construction and spacious design: The Original Home offers generous living space with 4+2 bedrooms and 2 full bathrooms, currently tenanted and generating consistent rental income. The Second Home, newly built in 2022, boasts a modern 1-bedroom + den layout with a spacious full bathroom on the upper levelideal for owner-occupancy, extended family, or premium rental potential. With zoning and potential to develop up to 6 separate units, the income possibilities are substantial. Whether you hold, live, or build, this property offers flexibility and long-term upside.Don't miss out on this rare dual-dwelling opportunitybook your private showing today!


Property Details

StyleSidesplit
View-
Age of property51-99
SqFt~2500-3000 SqFt
Lot Size5,096 SqFt(106 x 48.08)
Parking Spaces4
MLS ®NumberW12396025
Community NameAlderwood
Data SourceTRREB
Listing byKeller Williams Home Group Realty

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished

Features

Lot size: 5,096 SqFt

Parking

Garage spaces 1

Garage type Attached

Other parking spaces 3

Total parking spaces 4


Property History

Sep 11, 2025
ListedActive
$1,499,999
15 hours on market
history photo preview46
Listing by trreb®

Market Data - Alderwood

Geo Zone Map ThumbnailAlderwood

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

17 days

Compared to

2024

32 days

2023

15 days

2022

25 days

New Listings

Past 30 days

8 listings

Compared to

2024

8 listings

2023

13 listings

2022

13 listings

Units sold

Past 30 days

7 units

Compared to

2024

3 units

2023

4 units

2022

5 units

Median Sold Price

Past 30 days

$1,160,000

Compared to

2024

$1,060,000

2023

$1,505,000

2022

$995,000


Population and Demographics

Overview

Total population 13456
Average household income $147,066

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
23%
50 to 64
21%
65 and plus
16%

Household composition (%)

Single family
65%
Single person
29%
Multi person
5%
Multi family
1%

Mother tongue (%)

English
69%
Polish
5%
Italian
4%
Portuguese
4%
Others
3%
Tibetan
3%
Spanish
2%
Tagalog (Pilipino, Filipino)
2%
Ukrainian
2%
Russian
1%

House tenancy (%)

Owners
74%
Renters
26%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget