6+1
Bedrooms
5
Bathrooms
2,487
Square Feet
2,160 sq ft
Lot Size
2 Storeys
Built in
1930
$6,986
Annual Taxes
Air
Conditioning
Legal
Suite
Guest
Suite
Description
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.
Property Features
Ownership Freehold / Fee Simple
Parking Parking Pad
Asking Price $1,650,000
Location
Address 140 Ascot Ave
Neighbourhood Corso Italia-Davenport
City Toronto
Province / State Ontario
Postal / ZIP M6E1G4
Country Canada
Bathroom Types
Bathroom 1 3pc Bathroom
Bathroom 2 3pc Bathroom
Bathroom 3 3pc Ensuite Bath
Bathroom 4 3pc Bathroom
Bathroom 5 2pc Bathroom
Extra Features
Map & Buyer Tools