Updated brick bungalow with rental-ready basement near Yonge and Sheppard

Property details for 194 Florence Avenue, Toronto

Type: Residential
Style: Raised bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 40 x 130 FT
Stories: 1
Basement: Finished, Separate entrance, N/A, N/A
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $7,790

This solid brick raised bungalow got a recent refresh. It's a 3-bed, 2-bath layout with 2 bedrooms and a full bath on the main floor. The basement has its own side entrance, a kitchenette, a large rec room, and a third bedroom with another full bath. That makes it ready for a tenant or family use. You get a level 40x130 foot lot with a fenced yard and an attached single-car garage. Inside, there's vinyl flooring, forced-air electric heating, and central air. The location is the real draw. You can walk to the Yonge/Sheppard subway, shops, and restaurants. Cardinal Carter Academy for the Arts is 1.2 km away. At $1.4 million, it's priced for the area's high demand, with a location score of 90.

About 194 Florence Avenue, Toronto — Property Score

Prime Location Hot Market

Score: 66/100

Value

Priced 9.3% above area median of $1,280,000 based on 650 comparable properties nearby 56

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - 1 fewer than similarly priced 4-bedroom homes nearby 48

2 bathrooms - 1 fewer than similarly priced properties nearby 48

5,200 sqft lot - a standard lot for the area 65

Location

$166K median household income - well above the Canadian average of $70K 100

91% of residents hold postsecondary credentials - a highly educated neighbourhood 97

93% homeownership rate - indicating a stable, owner-occupied community 95

33% of residents commute under 30 minutes - longer average commute times 57

2,925/km² population density - a well-balanced suburban area 99

Market

Just listed - area average is 46 days on market 100

+62.2% median price change over 1 month - rising prices in the area 100

23.6 months of housing supply - 1982 active listings with 84 sold last month (buyer's market) 40

Features

3-car garage - area average is 4 spots 80

Finished, Separate entrance, N/A, N/A basement - adds valuable living space 85

standard forced air system 75

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.56% effective tax rate ($7,789/yr) - very low tax burden 83

7% renter population - primarily owner-occupied area 38

Quality

Condition

Listing

13 photos provided - below the area average of 35 photos 75

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.