78 Arjay Crescent sits in one of Torontos most distinguished neighbourhoods, offering both immediate comfort and future potential. The property enjoys a rare L-shaped lot that widens to 187 feet at the back, framing unobstructed views of the ravine, Rosedale Golf Club, and the downtown skyline. The existing bungalow already makes the most of its setting, and with thoughtful renovations, it can be transformed into a sophisticated residence that blends classic charm with modern upgrades. Alternatively, those seeking a fresh start will appreciate that permits and approvals are already secured for a brand-new home-streamlining the process for anyone ready to build. The approved plans showcase a contemporary design with expansive living spaces, 6+2 bedrooms, a main-floor office, and a lower level tailored for entertainment with a theater, gym, recreation room, and ample storage. Outdoor living is equally impressive, with a double-height family room that opens onto a patio overlooking the ravine, plus a pool and cabana designed for both gatherings and relaxation. Underground parking for up to 10 cars further sets this property apart. Surrounded by top private schools, the Granite Club, and a variety of shops and dining destinations, this address delivers on convenience as much as lifestyle. Whether you choose to renovate the current home or build from the ground up, the possibilities here are truly exceptional. (id:29237)