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140 ASCOT AVENUE, Toronto (Corso Italia-Davenport) — listed at $1,650,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
*** Visit the REALTOR website for further information about this Listing *** A rare gem with endless possibilities: Two move-in-ready family homes on one large lot in coveted Corso Italia - lived in and loved by two brothers and their growing families over the last 12 years, now ready for its next chapter. Ideal for multigenerational living, easy co-ownership, or live in one home while renting the other as a powerful income support. The property offers warm, spacious family living on one of Corso Italia's best streets. The main home features open living/dining area along with a number of recent renovations - updated kitchen and finishes, new tiles, staircase, vinyl siding - 3 upstairs bedrooms and renovated 3-piece bath. Finished basement features open rec room with new vinyl flooring, 4th bedroom (currently used as storage), renovated 3-piece bathroom, washer/dryer. Potential for partial-unit short-term rental operation (buyer to verify current bylaws and registration). In the rear laneway, is a 2-storey home built in 2021. Not your average "laneway suite," this build maximizes as-of-right bylaw providing identical above grade square footage to the main house. Single car parking pad leads to private entrance and into open-concept layout, with oversized windows, patio doors, quartz kitchen countertops, marble backsplash, main floor powder room, and stacked washer/dryer. Bright second floor with 2 skylights, master bedroom with walk-in closet & 3-piece ensuite, two additional bedrooms and 3-piece bath. Energy-efficient with iFlow HVAC, tankless heater, LED lighting, and NEMA 6-15 Tesla charger outlet. Beautiful shared backyard perfect for family barbecues, kids' play, or quiet coffee - all on one easy-to-manage lot. Steps to shops, restaurants, parks, schools and transit in vibrant Corso Italia. Own a piece of Toronto that truly works for your family and your future. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 2 | Second level | 2.97 x 3.4 meters |
| Dining room | Main level | 4.72 x 3.23 meters |
| Bedroom 3 | Second level | 2.97 x 2.34 meters |
| Kitchen | Main level | 4.75 x 3.25 meters |
| Primary Bedroom | Second level | 2.72 x 3.89 meters |
| Bedroom 2 | Second level | 2.69 x 3.25 meters |
| Bedroom 3 | Second level | 1.93 x 2.92 meters |
| Bedroom 4 | Basement | 3.18 x 2.62 meters |
| Living room | Main level | 5.94 x 3.86 meters |
| Kitchen | Main level | 3.86 x 3.3 meters |
| Primary Bedroom | Second level | 3.05 x 3.28 meters |
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What makes this a luxury property?+
At $1,650,000, standout features include 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 7 bedrooms and 5 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is 140 ASCOT AVENUE a good fit for a growing family?+
With 7 bedrooms and 5 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,986, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
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