A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 62 Elder Ave, Toronto Ontario M8W 1S4
Re-listed 15 days ago

62 Elder Ave, Toronto, Ontario M8W 1S4

Detached
2
1
~< 700 sqft
$•••,•••
$859,000
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$8,590Cashback
Detached
2
1
~< 700 sqft

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Highlights

Property Estimate

Days on market15 days

Total days on market
26 days

Estimated valueNot available

Price/Sqft$614/sqft

Monthly cost

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+5

Properties sold*

$1.3M

Median sold price*

*Based on last 30 days

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 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.


Property Details

StyleBungalow
View-
Age of property-
SqFt~< 700 SqFt
Lot Size4,500 SqFt(125 x 36)
Parking Spaces2
MLS ®NumberW12236814
Community NameLong Branch
Data SourceTRREB
Listing byKELLER WILLIAMS REAL ESTATE ASSOCIATES-BRADICA GROUP

Features

Heating: Baseboard
Basement: Full, Part Fin

Features

Lot size: 4,500 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Property History

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Price changeActive
$•••,•••
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Re-listed
$•••,•••
15 days on market
history photo preview8
Listing by trreb®

Market Data - Long Branch

Geo Zone Map ThumbnailLong Branch

Strong Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

14 days

2023

15 days

2022

21 days

New Listings

Past 30 days

17 listings

Compared to

2024

17 listings

2023

15 listings

2022

10 listings

Units sold

Past 30 days

2 units

Compared to

2024

5 units

2023

8 units

2022

7 units

Median Sold Price

Past 30 days

$2,525,000

Compared to

2024

$1,330,000

2023

$1,162,500

2022

$1,450,000


Population and Demographics

Overview

Total population 8240
Average household income $139,288

Age (%)

0 to 19
18%
20 to 34
22%
35 to 49
22%
50 to 64
22%
65 and plus
16%

Household composition (%)

Single family
54%
Single person
39%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
74%
Polish
6%
Spanish
4%
Others
3%
Portuguese
2%
Ukrainian
2%
Tagalog (Pilipino, Filipino)
2%
French
2%
Russian
1%

House tenancy (%)

Owners
51%
Renters
49%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget