140 Ascot Avenue, Toronto, ON M6E 1G4

About this property

*** Visit the REALTOR website for further information about this Listing *** A rare gem with endless possibilities: Two move-in-ready family homes on one large lot in coveted Corso Italia - lived in and loved by two brothers and their growing families over the last 12 years, now ready for its next chapter. Ideal for multigenerational living, easy co-ownership, or live in one home while renting the other as a powerful income support. The property offers warm, spacious family living on one of Corso Italia's best streets. The main home features open living/dining area along with a number of recent renovations - updated kitchen and finishes, new tiles, staircase, vinyl siding - 3 upstairs bedrooms and renovated 3-piece bath. Finished basement features open rec room with new vinyl flooring, 4th bedroom (currently used as storage), renovated 3-piece bathroom, washer/dryer. Potential for partial-unit short-term rental operation (buyer to verify current bylaws and registration). In the rear laneway, is a 2-storey home built in 2021. Not your average "laneway suite," this build maximizes as-of-right bylaw providing identical above grade square footage to the main house. Single car parking pad leads to private entrance and into open-concept layout, with oversized windows, patio doors, quartz kitchen countertops, marble backsplash, main floor powder room, and stacked washer/dryer. Bright second floor with 2 skylights, master bedroom with walk-in closet & 3-piece ensuite, two additional bedrooms and 3-piece bath. Energy-efficient with iFlow HVAC, tankless heater, LED lighting, and NEMA 6-15 Tesla charger outlet. Beautiful shared backyard perfect for family barbecues, kids' play, or quiet coffee - all on one easy-to-manage lot. Steps to shops, restaurants, parks, schools and transit in vibrant Corso Italia. Own a piece of Toronto that truly works for your family and your future.

Property facts & features

Days on market

Not reported

Property type

Duplex

MLS® number

W13145942

Source status

Extension

Bedrooms

7

Bathrooms

5

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

M6E 1G4

Parking spaces

1

Garage

None

Lot depth (source units)

120

Annual property tax

6986

Basement

Finished, Full

Laundry

Not provided

Interior features

Carpet Free, ERV/HRV, Floor Drain, Guest Accommodations, In-Law Suite, Storage, Water Heater

Exterior features

Paved Yard, Privacy, Porch

MLS entry age (not confirmed DOM)

167 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Rooms & virtual tours

Bedrooms above grade

4

Bedrooms below grade

3

Rooms above grade

10

Den / family room reported

Yes

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,650,000

1. May 19, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.