10 Fairbank Avenue

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.

Schools in the Neighbourhood

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.