Basement Finished with Walk-Out, Separate Entrance
What you should know
340 Patricia Ave is a 3-bedroom, 7-bathroom detached home in Toronto, listed for $1,899,000. It has 1100-1500 sq ft of living space.
1Absolutely Must See!
2Exceptional Fantastic Investment Opportunity!
3These Configuration Includes Main Basement Apartments& 3 Garden suites Creates Excellent Potential For Rental Income& Enhances The Property's Revenue Opportunities.
Absolutely Must See! Exceptional Fantastic Investment Opportunity! Premium 50 Ft Corner Lot Featuring An Upgraded Bungalow with A Separate Walk-Out Basement Apartment Plus A New Stylish Masterfully Built "Garden Suite" Based On Energy Efficient Design, Offering 3 Separate Living Units With Outstanding Income Potential& Variety Of Uses! Thoughtfully Designed& Expertly Crafted With High-End Finishes, Modern Features, and Advanced Engineering& Technology! This Unique Property Presents An Ideal Opportunity For Investors, Multi-Generational Families, Or Buyers Seeking Multiple Income Streams. The Newly Masterfully Built Garden Suite In 3Levels (3X645 = 1935 Sq.Ft ) >> * Main Floor with Living Rm, Dining Rm, Kitchen, Bedrm, 2-Pc Powder Rm& 4-Pc Ensuite! * 2nd Floor with Living Rm, Kitchen, 2 Bedrms, 2 x 3-Pc Ensuite! * Bright & Sunny Heated Floor Basement with Living Rm, Dining Rm, Kitchen& A Bedrm! All of Them Has Their Own Laundry Machine! These Configuration Includes Main Basement Apartments& 3 Garden suites Creates Excellent Potential For Rental Income& Enhances The Property's Revenue Opportunities. Beyond Its Immediate Income Potential, This Strategic Corner Bungalow Also Present an Exciting Future Redevelopment Opportunity, With Potential To Explore Multi-Unit Residential Construction Under The City Of Toronto's MLI Select Financing Program, Subject To Applicable Zoning, Planning Approvals, Building Requirements, and CMHC Eligibility.** An Outstanding Opportunity To Generate Income Today & During the Construction of Main Bungalow in the Future. A Rare Offering Combining Immediate Income Potential, Versatility& Future Development Possibilities! The New Garden Suite Represents A Significant Investment, With Construction Costs Exceeding $700,000! Uniquely Designed & Built With Independent Utility Connections, Offering A Significant Advantage For Future Redevelopment!Buyer To Verify with City Ideas For Potential Future Multi-Unit Redevelopment Attached to Photo Gallery!
3 bedrooms, 7 bathrooms, about 1,100 sq ft, works out to roughly $1,726 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 340 Patricia Ave
Every detail from the listing, in one place.
Type
Detached
Style
Other
Living space
1100-1500 sq ftas stated on the listing
Parking
6 spaces
Basement
Finished with Walk-Out, Separate Entrance
Features & systems
Parking & garage
Parking spaces
6
Interior
Basement
Finished with Walk-Out · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Other
Property class
Detached
340 Patricia Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14142132$1,899,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 340 Patricia Ave Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$9,329
/mo
based on the purchase price of $1,899,000
$379,800 cash
$1,519,200 financed
$1,279,565 total interest
Principal54%$1,519,200
Interest46%$1,279,565
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–4 bed homes for sale in Toronto around $1.9M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5121.8%On average, homes sold at or above asking.
Active listings12,512Homes for sale here right now.
Median vs prior 90 days−0.3%Compared with May 7 – Aug 5, 2026: prices down.
Based on 9,257 sales from Aug 5 – Nov 3, 2026 (7,087 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 340 Patricia Ave
How much is 340 Patricia Ave listed for?
340 Patricia Ave is listed at $1,899,000 (MLS® C14142132). Summitly updates the price as soon as the MLS® record changes.
Is $1,899,000 a good price for 340 Patricia Ave?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 340 Patricia Ave changed?
No — 340 Patricia Ave is still listed at its original asking price of $1,899,000.
How many bedrooms and bathrooms does 340 Patricia Ave have?
340 Patricia Ave has 3 bedrooms and 7 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 340 Patricia Ave?
About $9,329 a month — principal and interest on $1,899,000 with 20% down ($379,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 340 Patricia Ave compare with other homes in Toronto?
Its asking price of $1,899,000 is about 126% above the median sold price in Toronto over the last 90 days, $842,000, across 9,257 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 340 Patricia Ave been sold before?
Summitly has no earlier MLS® sale or lease of 340 Patricia Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 340 Patricia Ave?
340 Patricia Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 340 Patricia Ave been on the market?
1 day — 340 Patricia Ave was listed on November 2, 2026.
What is the price per square foot of 340 Patricia Ave?
About $1,266 to $1,726 per square foot: the asking price of $1,899,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 340 Patricia Ave have parking or a garage?
Yes — the listing gives 6 parking spaces.
Does 340 Patricia Ave have a basement, and is it finished?
The listing describes the basement as: Finished with Walk-Out, Separate Entrance.
