$1,200,000

Investment For Sale In Fairbanks, Toronto, Ontario

$1,200,000

Property Information:

For more info on this property, please click the Brochure button. A rare detached legal duplex in midtown Toronto offering strong income today with significant development upside. Situated on a 25 ft 125.5 ft lot, the property includes two private rear laneway parking spaces, 6 bedrooms, and 3 bathrooms across three self-contained units, each with its own kitchen and living space. Approved architectural permits allow the main house to expand from a legal duplex into a legal 4-unit multiplex, with an additional 2-storey garden suite permitted at the rear-positioning the property for five legal units at full build-out. Fire separations, egress paths, and structural notes are already documented, creating a clear, low-friction pathway for redevelopment. Located in the rapidly improving Fairbank neighbourhood, the home is steps to parks, schools, community facilities, and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. The area continues to benefit from major transit and infrastructure investment, supporting long-term value growth. Marketed as a Strong CMHC Candidate, this is an exceptional opportunity for investors seeking both immediate income and future scalability. (id:27)

Building Features:

  • Style: Duplex
  • Building Type: Duplex
  • Amenities: Separate Heating Controls
  • Basement Development: Finished
  • Basement Type: N/A, N/A
  • Exterior Finish:
  • Fire Protection: Smoke Detectors
  • Fireplace Type: Insert
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Block, Poured Concrete
  • Heating Type: Other
  • Cooling Type: None
  • Appliances: Water meter

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 5+5
  • Bathrooms: 3
  • Amenities Nearby: Hospital, Park, Public Transit
  • Features: Ravine, Level
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 125 Feet
  • Lot Frontage: 25.2 Feet
  • Lot Size: 25.3 x 125 FT
  • Structure Type: Porch
  • Utility Type: Sewer - Installed, Cable - Installed, Hydro - Installed
  • View Type: City view
  • Sewer: Sanitary sewer
  • Parking Type: Detached garage, Garage
  • No. of Parking Spaces: 3

Courtesy of: EASY LIST REALTY LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.