Legal Basement Apartment Bungalow with 6 Parking Spots

Property details for 482 Warden Avenue, Toronto

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Lot Size: 40 x 120 FT
Stories: 1
Basement: Apartment in basement, Separate entrance, N/A, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $4,097

This 4-bed, 2-bath detached brick bungalow sits on a 40x120 ft lot. It's near Warden and St. Clair, and it's got a legal basement apartment that's already set up for rental income. The main floor has two bedrooms, a living room, dining room, and kitchen with hardwood floors. Downstairs, there's a separate entrance leading to a full second unit with its own kitchen, living space, and two bedrooms. Shared laundry with coin-op machines. New driveway from 2005 easily fits 5 cars, plus there's a detached garage with a new door from 2025. Central air went in this year too. You're a 10-minute walk to Birchmount Park Collegiate, and the 24 Warden bus runs right by, getting you to three different subway stations. Schools, parks, and the Scarborough Bluffs are all close. At $849,500, this is priced below the area's recent median sold price of almost $915k, and with both units generating income, it's a smart buy for first-timers or investors. Taxes run about $4,097 a year.

About 482 Warden Avenue, Toronto — Property Score

Strong Investment Hot Market Well Priced

Score: 70/100

Value

Priced 36.8% below area median of $1,343,500 based on 878 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

4,800 sqft lot - a standard lot for the area 65

Location

$53K median household income - below the Canadian average of $70K 57

83% of residents hold postsecondary credentials - a highly educated neighbourhood 91

61% homeownership rate - a balanced mix of owners and renters 73

34% of residents commute under 30 minutes - longer average commute times 57

4,633/km² population density - a well-balanced suburban area 84

Market

Just listed - area average is 46 days on market 100

+14984.7% median price change over 1 month - rising prices in the area 100

33 months of housing supply - 3070 active listings with 93 sold last month (buyer's market) 40

Features

6-car garage - more than the area average of 4.2 spots 95

Apartment in basement, Separate entrance, N/A, N/A basement - potential for additional finished space 70

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.48% effective tax rate ($4,097/yr) - very low tax burden 86

39% renter population - moderate rental market 76

Quality

Condition

Listing

29 photos provided - below the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.