$2,195,000Asking Price
490 Summerhill Avenue, Toronto C09, ON M4W 2E5
Rosedale, Toronto
Exceptional investment opportunity in prestigious North Rosedale. Situated on coveted Summerhill Avenue, this impressive three-storey property offers incredible flexibility for investors, multi-generational families, or homeowners seeking supplemental rental income. The home features two spacious self-contained apartments plus a charming one-bedroom loft suite with a private balcony, creating multiple living arrangements and income-generating possibilities. Live comfortably in one unit while offsetting expenses with rental income from the others, or capitalize on the property's full investment potential. Set on a desirable lot, the property also includes a detached two-car garage with exciting potential for a future laneway house (subject to applicable approvals), offering an opportunity to further enhance value and income potential. Ideally located just steps from the natural beauty of Chorley Park, the conveniences of Summerhill Market, and some of Toronto's most sought-after amenities, this prime North Rosedale address combines urban convenience with the charm and prestige of one of the city's most distinguished neighbourhoods. A rare opportunity to own a versatile property in an exceptional location with outstanding lifestyle and investment appeal. Garden Suite report available.
Exceptional investment opportunity in prestigious North Rosedale. Situated on coveted Summerhill Avenue, this impressive three-storey property offers incredible flexibility for investors, multi-generational families, or homeowners seeking supplemental rental income. The home features two spacious self-contained apartments plus a charming one-bedroom loft suite with a private balcony, creating multiple living arrangements and income-generating possibilities. Live comfortably in one unit while offsetting expenses with rental income from the others, or capitalize on the property's full investment potential. Set on a desirable lot, the property also includes a detached two-car garage with exciting potential for a future laneway house (subject to applicable approvals), offering an opportunity to further enhance value and income potential. Ideally located just steps from the natural beauty of Chorley Park, the conveniences of Summerhill Market, and some of Toronto's most sought-after amenities, this prime North Rosedale address combines urban convenience with the charm and prestige of one of the city's most distinguished neighbourhoods. A rare opportunity to own a versatile property in an exceptional location with outstanding lifestyle and investment appeal. Garden Suite report available.
See MoreKey Info
- 3-Storey Detached
- 2-Car Driveway
- 2-Car Detached Garage
- Summerhill Ave and Glen Rd
- 3500-5000 Approximate Sq Feet
- Unfinished Basement
- 3 Kitchens
- Water Gas Heating
Property
- Lot Size 33 x 120 Feet
- Brick Exterior
- Taxes were $12,706 in 2025
- Possession: TBD
Details
- Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #C13446044
- CHESTNUT PARK REAL ESTATE LIMITED
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 9.15' x 12.53' | Hardwood Floor, West View, Window |
| 2 | Office | Main | 9.61' x 9.81' | Hardwood Floor, Large Window |
| 3 | Foyer | Main | 4.40' x 8.33' | Hardwood Floor |
 | 1 3-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom | |||
| 1 4-Piece Bathroom | |||
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Who lives here?
Rosedale, Toronto is a central Toronto neighbourhood notable for its university grads, executives and business, education, law & public sector and arts & culture professionals. Residents tend to be older with a significant number of adults aged 50 to 64 and seniors aged 65 to 79.
Families
Kids Per Family
0.8
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
46%
of residents are
single and loving it.
46% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
39%
of residents
are renters.
39% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
74%
of residents are
university grads.
74% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$523K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Management | 13% |
| Government | 12% |
| Business | 12% |
| Sales | 8% |
| Culture | 6% |
Immigrants
31%
of residents were
born outside of Canada.
31% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
3.4% from UK
All-time
Birthplace - Recent
0.9% from China
Recent
Foreign Languages
Foreign Languages
| French | 3% |
| Spanish | 2% |
| Mandarin | 2% |
| Arabic | 1% |
| Cantonese | 1% |
Religions
Religions
| Christian | 56% |
| Jewish | 8% |
| Muslim | 3% |
| Buddhist | 1% |
| Hindu | 1% |
Social Housing
Social Housing Buildings
1
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
