229 Westlake Avenue
Exclusive opportunity for turnkey investment

offered at 649,000 | detached bungalow | 2+1 bedrooms | 1x4 bath (main), 1x4 bath (basement) | taxes 2657.30 (2017) | lot size 25 x 100 feet | basement apartment with separate entrance | 1+1 kitchens | no garage

Welcome to this fantastic investment opportunity at the much sought-after and up-and-coming Woodbine-Lumsden neighbourhood in east Toronto. This freshly updated detached bungalow is a well maintained, low maintenance home - the ideal condo alternative. The basement was dug-down and renovated in 2012, converting the space into a bright and airy in-law or nanny suite.

This is a turnkey investment property or update the main floor to your taste. Up and coming neighbourhood with tons of upside potential. Steps to subway and transit. Future top up or development opportunities abound!

This home has been lovingly updated:

  • newly renovated basement apartment in 2012 with permits
  • new main floor appliances in 2014
  • clean and freshly painted in 2014
  • mechanics updated in 2002
  • furnance in 2002
  • waterproofed basement & backflow preventer
  • The 'Hood

    Woodbine-Lumsden is a small Edwardian neighbourhood in the Old East York area of Toronto, located between Woodbine Avenue and Main Street. Although in the past it has been known as an area mostly frequented by older and retired residents, over the past decade the locale has begun to evolve quickly.

    Hailed by Toronto Life as a Where To Buy Now neighbourhood, Woodbine-Lumsden is "the perfect compromise between city and suburb. The Don Valley Parkway curves around the top of the neighbourhood, while subway access and the big-box stores off of Danforth are just to the south. Though homes tend to be clustered close together on long lots, there’s an abundance of detached houses in all manner of styles: bungalows with gable roofs, countrified barn-like designs and newly renovated, two-and-a-half-storey homes covered in stucco."