905-332-2207
42
701 University Avenue E
$999,900 Sale
Listed 16 hours ago
· 6
· 3.50
· 4
· 3840
Key Facts
Key facts for 701 University Avenue E
Property Type
House, Two Story
Parking
4 garage, Front Yard Parking,Private Drive Double Wide,Private Drive Triple+ Wide 15 parking
MLS #
40761501
Size
3840 sqft
Basement
Development Potential,Separate Entrance,Walk-Out Access,Full,Partially Finished,Sump Pump
Listed on
2025-09-11
Lot size
-
Tax
$8,712 /yr
Days on Market
1
Year Built
1995
Maintenance Fee
-
Description
Opportunity Awaits with this custom-built home that uniquely combines SIZE, LOCATION, and VERSATILITY. Set on a 0.38-acre lot backing onto protected green space and zoned R4 for future flexibility, it offers a rare blend of privacy, convenience, and potential. Spanning 3,840 sq. ft. above grade w...ith a partially finished walkout basement offering an additional 2,000+ sq. ft., the home is ideally suited for multi-generational living, creative reimagining, or investment. The traditional layout was thoughtfully designed for family living, featuring a main-floor office, formal living and dining rooms, large laundry/mudroom. An oversized kitchen with cherry wood Olympia cabinetry flows seamlessly into the family room with a wood-burning fireplace and walkout to a large deck with treed views of Kaufman Flats. Upstairs, the expansive primary suite offers a walk-in closet and ensuite with Jacuzzi tub, complemented by four additional bedrooms and a family-sized 4-piece bath—ensuring room for everyone. The WALKOUT LOWER LEVEL is partially finished and ready to be transformed. With three private entrances, a sixth bedroom, and a full bathroom, this level offers exceptional flexibility for an in-law suite, multi-generational quarters, or an income-generating rental. A unique second double-car attached garage with direct access to the basement further enhances the potential for separate living space or home business use. Car enthusiasts, hobbyists, and entrepreneurs will appreciate the rare dual-garage setup: a traditional double-car garage plus a SECOND DOUBLE-CAR GARAGE/WORKSHOP with its own 100-amp service and a full workshop beneath—perfect for trades, creative pursuits, or storage of equipment and vehicles. A rare offering in a prime location with no rear neighbors, greenspace views, and direct trail access—all just minutes from transit, schools, shopping, and parks. This property must be experienced in person to fully appreciate the potential!, Directions:University Ave East; between Lexington Road and Woolwich Street, Exclusions:
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Listing courtesy of: Right at Home Realty