$1,799,000
374 ATLAS AVENUE
Beds
0
Baths
—
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Oakwood Village). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Attention investors and developers! This is 374 Atlas Avenue - a rare, fully vacant detached houseplex offering a true blank canvas for investors and end-users alike. With front and side entrances and separate staircases, the layout presents a great potential to complete as a 3 x spacious 2-bedroom units or to reconfigure into a highly efficient 6-unit setup. Situated at the border of the Cedarvale neighbourhood, just minutes to Cedarvale Station -formerly Eglinton West Station- interchange of Line 1 & Line 5 LRT, this location delivers exceptional transit connectivity with quick access to Allen Road and Highway 401. Located next door to Laughlin Park with playground and family-friendly amenities, the property is also steps away from one of Toronto's hidden gems, Cedarvale Park: it offers scenic ravine trails connecting to Beltline, tennis courts, sports fields, off-leash dog areas, summer splash pad, ice rink arena, and winter tobogganing hills - perfect for year-round recreation. The property includes a private driveway with 4 parking spaces at the rear. With the City's Official Plan Amendment (effective June 2025) supporting increased density, this asset offers strong potential to achieve a 5%+ cap rate depending on execution. Whether you're looking to renovate, optimize, or redevelop, this is a compelling value-add opportunity in a rapidly evolving pocket of the city with many new-builds and multiplexes already established. (id:65958)
- Subtype
- Multi-family
- Structure
- Triplex
- Community
- Oakwood Village
- Lot dimensions
- 30.5 x 95.8 FT ; *Right Of Way
- Bedrooms
- 0 above grade
- Parking
- 4 total
- Stories
- 2
- On market
- Apr 3, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $0
- Photos
- 36
- MLS#
- C12955194
- Area
- TORONTO_(OAKWOOD_VILLAGE)
Features and systems
Parking
Basement
Cooling
Exterior
Foundation
Cash on cash
-6.32%
Cap rate
3.60%
GRM
16.7
Break-even rent
$10,995
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.