$1,549,900
FOR SALE

Detached 2-Storey

Bedrooms: 6Bathrooms: 3Lot: 36 x 120 ft
2025 Taxes: $5,980

151 Ascot Ave
Toronto, ON M6E 1G5 | Corso Italia-Davenport

Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*
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Listed By RE/MAX WEST REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W12799232
Last Updated Feb 19, 2026
Property Summary
Property Type Detached

More like this:
Legal Description LT 26 BLK B PL 918 WYCHWOOD BRACONDALE DOVERCOURT; TORONTO , CITY OF TORONTO
Possession Date 60/90/tba
Taxes (2025) $5,980
Directions/Cross Streets Ascot and Harvie
Neighbourhood Corso Italia-Davenport
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 6
Bathrooms 3
Lot 36 x 120 ft
Exterior Brick
Air Conditioning Central Air
Basement Finished
Garage Type Detached
Parking Spaces 6
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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