2424 Bayview Avenue
2424 Bayview Avenue
$3,198,888
$1,599/sq ft · 3 days on market
About This Listing
**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.
| Monthly Mortgage (P&I) | $13,937 |
| Property Tax (MLS) | $1,310 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $15,247 |
Down payment: $639,778 (20.0%) · Mortgage: $2,559,110
Property tax uses MLS annual tax of $15,722/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by ENGEL & VOLKERS TORONTO CENTRAL
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Data last updated: August 22, 2026 at 06:25 p.m.