MLS® listing
374 Atlas Avenue: multiplex for sale
$1
From the listing brokerage
ATTENTION INVESTORS, BUILDERS, & DEVELOPERS! SIX-PLEX PERMIT READY! 374 Atlas Avenue presents a rare opportunity to acquire a fully vacant detached property with an approved permit for a brand-new six-unit residential multiplex. Zoning is clean and the building permit is now ready, allowing a purchaser to move toward construction with the major planning and entitlement work substantially complete. The proposed development features approximately 3,320 SF of finished residential space comprising 2 x 2-bed/1-bath, 3 x 1+1-bedroom/1-bath, and 1 x 1-bedroom/1-bath units-a practical mix designed for strong rental appeal. Situated in highly desirable Cedarvale/Oakwood, the property offers an established, family-friendly setting with access to excellent schools, parks, recreation and everyday amenities. Located adjacent to Laughlin Park and steps from Cedarvale Park, residents will enjoy ravine trails connecting to the Beltline, tennis courts, sports fields, off-leash dog areas, summer splash pad, ice rink and winter tobogganing hills. The neighbourhood's mature streets, green spaces and strong family appeal make it a sought-after location for quality renters, therefore providing investors with strong potential for consistently low vacancy rates. Just minutes from Cedarvale Station (formerly Eglinton West Station), with access to Line 1 and Line 5, the property also offers convenient connectivity to Allen Road and Highway 401. A private rear driveway with 4 parking spaces adds further value to the proposed six-unit development. An exceptional opportunity to acquire a substantially advanced multiplex project in an established Toronto neighbourhood, with the ability to proceed toward construction and access to incentives such as the CMHC MLI Select program with the building permit ready. Detailed drawings and project information package available to qualified purchasers.
Facts on the listing
| Square feet | 2000-2500 |
|---|---|
| Approximate age | 51-99 |
| Style | 2-Storey |
| Basement | Apartment |
| Lot width | 30.51 |
| Lot depth | 95.83 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 4 |
| Garage | None |
| Heating | Water |
| Cooling | None |
| Kitchens | 0 |
| Rooms | 15 |
| Property tax | $6,342 |
| Tax year | 2025 |
| Parking | Private |
| Interior features | Workbench |
| Features | Park, Public Transit, School |
| View | City, Trees/Woods |
Listing courtesy of THE AGENCY. MLS® C13743718.
About this multiplex
374 Atlas Avenue is a multiplex in TRREB's Oakwood Village community in Toronto, listed for sale at $1. The listing shows 0 bathrooms and 2000-2500 square feet. The style is given as 2-storey. The lot is listed as 30.51 by 95.83 feet. The listing gives the basement as apartment. It comes with 4 parking spaces according to the listing. The nearest main intersection given is Eglinton & Marlee. The age is listed as 51-99 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 374 Atlas Avenue
At the asking price of $1, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1 |
|---|---|
| Ontario land transfer tax | |
| Toronto municipal land transfer tax | |
| Both taxes | |
| First-time buyer relief, if you qualify | up to |
| Minimum down payment | $0 |
The down payment figure is the federal minimum: 5 percent of the price. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $6,342 a year, about $529 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as water.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 30.51 by 95.83 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. Photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 374 Atlas Avenue
How much is land transfer tax on 374 Atlas Avenue?
At the asking price of $1 the Ontario tax is and the Toronto tax is , in total. A first-time buyer who qualifies can get up to back. Confirm the final figures with your lawyer.
What is the minimum down payment for 374 Atlas Avenue?
$0 at the asking price of $1, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 374 Atlas Avenue?
The listing shows $6,342 a year for 2025, about $529 a month.
How do I book a showing for 374 Atlas Avenue?
Use the form on this page or call us. Quote MLS® C13743718. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 374 Atlas Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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