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For Sale · Toronto · Development potential

40 Tansley Avenue, Toronto, ON M1J 1P3

$989,000

Property facts

Bedrooms

6

Bathrooms

3

Kitchens

2

Living area

1,100 to 1,500 sq ft

Lot dimensions

13.0 m x 38.1 m (42'-6" x 125'-0")

Parking

8

Basement

Apartment, Separate Entrance

Heating

Forced Air

Cooling

Central Air

Association fee

Not listed

Annual taxes

$4,261 (2026)

Zoning

Not listed

About this property

Exceptional Detached Bungalow on a Premium 42 x 125 Ft Lot! This home offers outstanding versatility for families, investors, and mutli-generational living. The main-level features hardwood flooring throughout, 3 spacious bedrooms, 3 bathrooms, and a bright eat-in kitchen with granite countertops, stainless steel appliances, a gas stove, and a large bay window that fills the space with natural lights. The fully finished basement with a seperate entrance is perfectly designed for extended family or income potential, featuring 3 additional bedrooms, 2 bathrooms, and a full kitchen-an excellent opportunity for rental income or an in-law suite. Enjoy a private, oversized lot in a sought-after, familt-friendly neighbourhood close to schools, Thompson Park, walking and biking trails, TTC, Scarborough Health Network, shopping, restaurants, and everyday amenities, with convenient access to major commuter routes. A fantastic opportunity to own a spacious bungalow with income potential on a premium lot in a prime location!

Open houses

  • Sat, Jul 18 · 2:00 PM – 4:00 PM

  • Sun, Jul 19 · 2:00 PM – 4:00 PM

Location

Development potential

What can you build here?

Lot dimensions: 13.0 m x 38.1 m (42'-6" x 125'-0")

A fourplex is as-of-right on nearly any detached lot in the GTA, and many go further, a sixplex in the right ward, a garden suite, or a two-lot severance. Whether the numbers work comes down to the zone, the overlays, and the parcel, which is exactly what a TESA development read tells you. Get one on this lot before it goes.

Listing courtesy of SUTTON GROUP OLD MILL REALTY INC..

This information is provided by the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate by PropTx.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

Data updated Jul 13, 2026, 11:05 PM ET · Source: Toronto Regional Real Estate Board