Developers & Investors Attention !!! Rare development opportunity in Morningside ! A current detached residential property with rezoning approval for a Fourplex, offering an excellent turnkey development potential. The property is currently tenant-occupied at $2,200/month, with tenancy ending on April 30, 2026 Tenants are also willing to stay, providing flexibility for immediate rental income until vacant possession and future redevelopment. This site is perfect for developers or investors looking to build a legal multiplex in a strong high demand rental market, or end-users build your custom dream home, close to schools, UT Scarb. Centennial, parks, transit, Hwy 401. Zoning approval secured, allowing for efficient planning and project preparation. seller can assist with building permit acquisition at an adjusted price, allowing for an even faster path to a ready-to-build site. Don't miss this chance to acquire a property with upside potential in a high-demand area.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
Backsplit 3
Total Approx Floor Area:
700-1100
Lot Depth:
130'39.6 m
Lot Frontage:
39'2¾"12 m
Direction Faces:
East
Bedrooms:
3+0
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Kitchens Above Grade:
1
Rooms Above Grade:
6
Rooms Below Grade:
1
Zoning:
Multiplex
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Asphalt Shingle
Basement:
Finished, Separate Entrance
Fireplace/Stove:
No
Garage:
Carport
Garage Spaces:
1.0
Parking Spaces:
4
Total Parking Spaces:
5.0
Family Room:
No
Possession Details:
TBA
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$3,500 /
2025
Assessment:
$- /
-
Toronto
Toronto E09
Morningside
Carpet Free
Hot water tank if any
All Existing Fridge, Gas Stove, Dishwasher, Washer and Dryer, Electric Light Fixtures.
Data was last updated December 5, 2025 at 12:15 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$924,450
Min list price:
$888,800
Max list price:
$1,699,000
Avg days on market:
23
Min days on market:
0
Max days on market:
122
These statistics are generated based on the current listing's property type
and located in
Morningside. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.