No open houses are currently scheduled for this property.
*** Visit the REALTOR website for further information about this Listing *** 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
Loading..
Loading..
Loading..
30 Year , 3.99% interest


Loading..
Find out what home price you can afford.
Are you a first time home buyer ?
Affordability Calculation for a repeat buyer has multiple factors to be considered. Schedule a call with our mortgage specialist to learn more.
Presenting a remarkable opportunity, this Multi-Family Home for sale in Toronto is located at 10 Fairbank Avenue, Toronto, within the vibrant community of Caledonia-Fairbank. This property stands as a rare detached legal duplex, offering not only immediate income potential but also significant development prospects. The building is a well-constructed 2-storey multiplex, featuring a charming brick front that adds to its appeal.
Spanning a generous lot of 25 feet by 125 feet, this Multi-Family Home for sale in Toronto boasts an impressive configuration. The property includes five bedrooms and five den spaces, accommodating a variety of living arrangements. With three bathrooms and three kitchens, each self-contained unit provides the necessary amenities for comfortable living. The absence of an additional kitchen and the unfurnished state of the home allows for personalisation, making it an ideal investment for those looking to tailor the space to their needs.
At 10 Fairbank Avenue, Toronto, the layout is designed for practicality and comfort. The family room offers a welcoming space for relaxation, while the presence of a fireplace adds a touch of warmth and character. Although there is no central vacuum system or air conditioning, the property benefits from municipal water and sewer services, ensuring convenience for residents. The heating type is classified as ‘Other’, providing flexibility in heating options.
One of the standout features of this Multi-Family Home for sale in Toronto is the finished basement apartment, which includes a walk-out, allowing for easy access and additional living space. This aspect significantly enhances the property's rental potential, making it an attractive option for investors. The property is equipped with internet access, catering to the needs of modern living.
Parking is another advantage of this property, with a detached garage space available for one vehicle and an additional two parking spaces in the driveway. This is particularly beneficial in the bustling area of Toronto, where parking can often be a challenge. The absence of a pool may be a consideration for some, but the proximity to local parks and recreational facilities compensates for this, providing ample outdoor space for leisure activities.
The age of the property, ranging between 51 to 99 years, adds a sense of history and character, while the approved architectural permits present a unique opportunity for expansion. Plans are in place to transform the existing legal duplex into a legal four-unit multiplex, with the potential for an additional two-storey garden suite at the rear. This positions the property for a total of five legal units upon full build-out, making it an exceptional investment opportunity.
Situated in a rapidly improving neighbourhood, 10 Fairbank Avenue, Toronto, is just steps away from parks, schools, and community facilities. The soon-to-open Fairbank LRT Station and nearby Eglinton West subway access further enhance the location's appeal, ensuring that residents enjoy excellent connectivity to the rest of the city. The ongoing investments in transit and infrastructure within the area are likely to support long-term value growth, making this Multi-Family Home for sale in Toronto an astute choice for both immediate income and future scalability.
In summary, this property at 10 Fairbank Avenue, Toronto, represents a unique opportunity for investors seeking a Multi-Family Home for sale in Toronto that combines immediate rental income with significant potential for future development. With its prime location, well-thought-out features, and the promise of growth in a thriving community, this home is certainly worth considering for anyone looking to invest in the Toronto real estate market.
Caledonia-Fairbank is a vibrant and diverse neighbourhood nestled in the city of Toronto, offering a unique blend of urban convenience and community charm. Located just north of the bustling downtown core, this area is characterised by its tree-lined streets, a mix of residential homes, and an array of local shops and eateries that reflect its multicultural heritage. The community is well-served by public transport, making it easy to explore the rest of the city. With parks and recreational facilities nearby, Caledonia-Fairbank provides a welcoming environment for families and individuals alike, fostering a sense of belonging amidst the dynamic backdrop of Toronto's ever-evolving landscape.
This property is conveniently located near several educational institutions, catering to a range of academic needs and preferences. Within a short distance of just 0.4 km, Fairbank Public School offers a strong foundation for younger students from Junior Kindergarten to Grade 8, boasting a commendable school rating of 4.4. Nearby, St. Thomas Aquinas Catholic School, located 0.6 km away, provides an excellent Catholic education for the same grade levels, with an impressive rating of 8.2. For families seeking French-language education, Rawlinson Community School, just 1.7 km away, serves students from JK to Grade 8 and has a high rating of 5.1. At the secondary level, York Memorial Collegiate Institute is located 1.9 km from the property, while Dante Alighieri Academy Catholic Secondary School is 1.6 km away, offering quality education for Grades 9 to 12. The presence of both public and Catholic schools, along with a variety of language options, ensures that families have access to diverse educational opportunities within a convenient distance, making this property an attractive option for those prioritizing education.
This property features 3 bathroom(s) and 5 bedroom(s).
This Duplex property includes 5 additional bedrooms.
The total square footage of this Duplex 5 bed property in Toronto is 1500 - 2000.
10 Fairbank Avenue boasts 2 convenient parking spaces.
This property features a garage with space for 1 cars.
This property includes an Detached garage with space for 1 cars.
Yes, this property has a basement.
This property features Apartment, Finished with Walk-Out basement.
It is not specified whether this property has a swimming pool.
A fireplace is available in this property.
This property includes 3 kitchen(s).
Information about the maintenance fee is not available.
Information about whether this property is furnished is not available.
The heating system in place is a Other.
This property include following utilities : Cable, Gas, Telephone, Electricity.
Sign Into see near by schools
Real Estate Board require you toSign Into see the full details of this property
Loading....