Unmatched Opportunity in Coveted Cedarvale. 500 Atlas Avenue sits on a rare double-fronting lot with city-approved severance and plans to split into two lots each ready for a stunning 3-storey custom home, triplex, or fourplex as of right". Your chance to secure two prime lots for just $850K~ each and to capitalize on the generous RM zoning. An unmatched value in this sought-after pocket. inside, the main floor has been tastefully renovated with an open-concept layout, modern kitchen, updated systems, and integrated appliances, perfect for an owner to move in now while collecting income from the legal basement suite (tenant willing to stay or go). This flexible footprint lets you live, rent, or build now or later. Live in the upper unit and offset your mortgage, hold as a cash-flowing duplex, or break ground immediately with your plans ready to go. Located on a quiet street steps to Cedarvale Park and Cedarvale subway station, with quick access to Allen Rd, and all midtown amenities. Whether youre an end-user looking for lifestyle and upside, or a developer ready to unlock the full potential of this unique double frontage, this is an investment that truly checks every box. Seller open to VTB for well qualified buyers. Severance and building plans included. Endless options. Exceptional value. Cedarvales next landmark opportunity awaits.
For sale
C$1,699,000
500 Atlas Ave, Toronto, ON M6C 3R3
4beds
2baths
Single Family Residence
Built in ----
3,477 Square Feet Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
Double-fronting lotOpen-concept layoutModern kitchenUpdated systemsIntegrated appliancesLegal basement suiteFlexible footprint
- 15 days
- on Zillow |
- 14 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 19, 2025 at 06:37am
Listed by:
ROYAL LEPAGE SIGNATURE REALTY
Source: TRREB,MLS®#: C12280320
Originating MLS®#: Toronto Regional Real Estate Board

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Primary bedroom
- Level: Main
- Dimensions: 3.88 x 2.88
Bedroom 2
- Level: Main
- Dimensions: 3.72 x 2.88
Bedroom 3
- Level: Main
- Dimensions: 3.06 x 2.79
Bedroom 4
- Level: Basement
- Dimensions: 5.6 x 2.82
Dining room
- Level: Main
- Dimensions: 2.85 x 2.85
Kitchen
- Level: Basement
- Dimensions: 4.65 x 2.92
Kitchen
- Level: Main
- Dimensions: 5.67 x 2.74
Living room
- Level: Main
- Dimensions: 5.18 x 3.25
Recreation
- Level: Basement
- Dimensions: 7.4 x 5.55
Heating
- Water, Oil
Cooling
- Wall Unit(s)
Features
- In-Law Capability, In-Law Suite, Primary Bedroom - Main Floor
- Flooring: Carpet Free
- Basement: Apartment,Finished with Walk-Out
- Has fireplace: No
Interior area
- Living area range: 700-1100 null
Property
Parking
- Total spaces: 1
- Parking features: Lane
- Has garage: Yes
Features
- Pool features: None
Lot
- Size: 3,477 Square Feet
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Other
- Roof: Other
Utilities & green energy
- Sewer: Sewer
Community & HOA
Location
- Region: Toronto
Financial & listing details
- Annual tax amount: C$4,828
- Date on market: 7/11/2025
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