Toronto E10 M1C 1G6 Ontario
MLS: E12978342
Added 19 days ago | For Sale
Listed by: TFN REALTY INC.
***Residential Potential Development Opportunity in Prime Scarborough Location! *** Nestled in a quiet cul-de-sac within a mature and family-friendly neighbourhood, this exceptional property presents a rare Scarborough development opportunity with significant residential redevelopment potential. Surrounded by established homes and ongoing intensification, this property is ideal for those seeking a multi-unit investment property or a builder/investor special in a rapidly evolving area. ***Seller has proposed to the following Development: Separate into 2 lots and build 4 Flex on each lot with NO DEVELOPMENT CHARGE (Buyers to Verify) ***The location offers outstanding convenience, with easy access to Highway 401, TTC transit, hospitals, banks, shopping, and top-rated schools, while being just a short 4-5 minute walk to the University of Toronto Scarborough campus. This proximity supports strong and consistent rental demand, making it an excellent income property near U of T Scarborough and a valuable high rental demand area for long-term investment. The existing home currently generates approximately $3,825 per month in rental income, providing immediate cash flow and making it a strong income-producing holding property while development plans are pursued.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Ground | Living Room | Window | 23 ft, 3 in x 11 ft, 7 in |
| Kitchen | Eat-in Kitchen | 11 ft, 7 in x 11 ft, 6 in | |
| Primary Bedroom | Closet | 11 ft x 10 ft, 3 in | |
| Bedroom 2 | 11 ft x 7 ft, 7 in | ||
| Basement | Laundry | 10 ft x 5 ft, 7 in | |
| Recreation | 19 ft, 1 in x 12 ft, 9 in | ||
| Kitchen | 14 ft, 2 in x 7 ft, 10 in | ||
| Bedroom 3 | 13 ft, 11 in x 8 ft, 4 in |
No property rooms available.
