+7 more
3
Bedrooms
2
Bathrooms
1,100 sqft
Living Area
6
Parking
About This Property
This 3-bedroom, 2-bathroom single family in Toronto offers 1,100 sqft of living area. 1 storey. The property has lot dimensions of 75 x 112 FT, cross street Morrish/ Old Kingston Rd. The home features forced air, natural gas heating, central air conditioning, a separate entrance basement.
MLS Remarks
***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. (id:60351)
Overview
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