MLS® listing
340 Patricia Avenue: detached house for sale
$1,899,000
From the listing brokerage
Absolutely Must See! Exceptional Fantastic Investment Opportunity! Premium 50 Ft Corner Lot Featuring An Upgraded Bungalow with A Separate Walk-Out Basement Apartment Plus A New Stylish Masterfully Built "Garden Suite" Based On Energy Efficient Design, Offering 3 Separate Living Units With Outstanding Income Potential& Variety Of Uses! Thoughtfully Designed& Expertly Crafted With High-End Finishes, Modern Features, and Advanced Engineering& Technology! This Unique Property Presents An Ideal Opportunity For Investors, Multi-Generational Families, Or Buyers Seeking Multiple Income Streams. The Newly Masterfully Built Garden Suite In 3Levels (3X645 = 1935 Sq.Ft ) >> * Main Floor with Living Rm, Dining Rm, Kitchen, Bedrm, 2-Pc Powder Rm& 4-Pc Ensuite! * 2nd Floor with Living Rm, Kitchen, 2 Bedrms, 2 x 3-Pc Ensuite! * Bright & Sunny Heated Floor Basement with Living Rm, Dining Rm, Kitchen& A Bedrm! All of Them Has Their Own Laundry Machine! These Configuration Includes Main Basement Apartments& 3 Garden suites Creates Excellent Potential For Rental Income& Enhances The Property's Revenue Opportunities. Beyond Its Immediate Income Potential, This Strategic Corner Bungalow Also Present an Exciting Future Redevelopment Opportunity, With Potential To Explore Multi-Unit Residential Construction Under The City Of Toronto's MLI Select Financing Program, Subject To Applicable Zoning, Planning Approvals, Building Requirements, and CMHC Eligibility.** An Outstanding Opportunity To Generate Income Today & During the Construction of Main Bungalow in the Future. A Rare Offering Combining Immediate Income Potential, Versatility& Future Development Possibilities! The New Garden Suite Represents A Significant Investment, With Construction Costs Exceeding $700,000! Uniquely Designed & Built With Independent Utility Connections, Offering A Significant Advantage For Future Redevelopment!Buyer To Verify with City Ideas For Potential Future Multi-Unit Redevelopment Attached to Photo Gallery!
Facts on the listing
| Square feet | 1100-1500 |
|---|---|
| Style | Other |
| Basement | Finished with Walk-Out, Separate Entrance |
| Lot width | 50 |
| Lot depth | 133.8 |
| Lot measured in | Feet |
| Faces | North |
| Parking spaces | 6 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 5 |
| Property tax | $6,591 |
| Tax year | 2025 |
| Interior features | Guest Accommodations, Sump Pump |
| Features | Fenced Yard, Park, Public Transit, School |
Listing courtesy of RE/MAX REALTRON BIJAN BARATI REAL ESTATE. MLS® C14142132.
About this detached house
340 Patricia Avenue is a 9 bedroom detached house in TRREB's Newtonbrook West community in Toronto, listed for sale at $1,899,000. The listing shows 8 bathrooms and 1100-1500 square feet. The lot is listed as 50 by 133.8 feet. The listing gives the basement as finished with walk-out, separate entrance. It comes with 6 parking spaces according to the listing. The nearest main intersection given is Yonge St/ Patricia Ave/ Bathurst St.
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 340 Patricia Avenue
At the asking price of $1,899,000, 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 | $1,899,000 |
|---|---|
| Ontario land transfer tax | $34,455 |
| Toronto municipal land transfer tax | $34,455 |
| Both taxes | $68,910 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $379,800 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. 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) | $6,591 a year, about $549 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.
How the asking price compares
TRREB recorded 550 detached house sales in the City of Toronto in August 2026, at a median price of $1,170,000 and an average of $1,525,749. This home is listed at $1,899,000, which is $729,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
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 forced air.
- 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, 50 by 133.8 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 5 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- 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. The listing has a virtual tour, but 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 340 Patricia Avenue
How much is land transfer tax on 340 Patricia Avenue?
At the asking price of $1,899,000 the Ontario tax is $34,455 and the Toronto tax is $34,455, $68,910 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 340 Patricia Avenue?
$379,800 at the asking price of $1,899,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 340 Patricia Avenue?
The listing shows $6,591 a year for 2025, about $549 a month.
Is 340 Patricia Avenue priced above or below the median?
It is listed at $1,899,000. The August 2026 median for detached house sales in the City of Toronto was $1,170,000 across 550 sales, so the asking price is $729,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 340 Patricia Avenue?
Use the form on this page or call us. Quote MLS® C14142132. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 340 Patricia 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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