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10 FAIRBANK AVENUE, Toronto (Caledonia-Fairbank) — listed at $999,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare detached legal duplex in Midtown Toronto offering exceptional flexibility and income potential. Situated on a 25 x 125 ft lot, The Property Offers 6 Bedrooms, 3 Bathrooms In Total, Plus living areas, Approved architectural plans 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. Fire separations, egress requirements and structural notes have already been documented, creating a clear path for redevelopment. Located in the rapidly improving Fairbank neighborhood, just steps to parks, schools, community amenities and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. A unique opportunity offering immediate rental income, long-term growth potential and multiple future-use possibilities. (id:60164)
Could this work as an investment property?+
The basement description mentions: Finished, Apartment in basement, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Caledonia-Fairbank) before counting on it.
What's the parking situation?+
This property includes 3 spaces — Detached Garage, Garage.
How is the space laid out across floors?+
This is a 2-storey multi-family. The 10 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Does it have a basement, and is it finished?+
Yes — Finished, Apartment in basement, Walk out, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is electric, other. Electric heating can mean higher winter bills — ask for past utility statements.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,234, heating is electric, other. Always verify the latest figures with your agent before making an offer — these change yearly.
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