10 Fairbank Avenue
Caledonia-Fairbank, Toronto, M6E 3Y4
FOR SALE
$1,200,000
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5 + 5
BEDROOMS 3
BATHROOMS 3
KITCHENS 5
ROOMS W12636928
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Property Description
*** Visit the REALTOR website for further information about this Listing *** A rare detached legal duplex in midtown Toronto offering strong income today with significant development upside. Situated on a 25 ft 125.5 ft lot, the property includes two private rear laneway parking spaces, 6 bedrooms, and 3 bathrooms across three self-contained units, each with its own kitchen and living space. Approved architectural permits 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-positioning the property for five legal units at full build-out. Fire separations, egress paths, and structural notes are already documented, creating a clear, low-friction pathway for redevelopment. Located in the rapidly improving Fairbank neighbourhood, the home is steps to parks, schools, community facilities, and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. The area continues to benefit from major transit and infrastructure investment, supporting long-term value growth. Marketed as a Strong CMHC Candidate, this is an exceptional opportunity for investors seeking both immediate income and future scalability.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2013-03-15 | 2013-03-27 | 12 | $449,900 | $471,500 |
| 2006-12-01 | 2006-12-29 | 28 | $334,900 | $318,500 |
Nearby Intersections
Property Features
Arts Centre, Hospital, Library, Park, Public Transit, Ravine, Separate Heating Controls, Water Meter, Available, Carbon Monoxide Detectors, Smoke Detector, Fireplace Insert
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Property Details
Address
10 Fairbank Avenue
Community
City
Postal Code
M6E 3Y4
Property Type
Duplex, Duplex
Lot Size
25' x 125'
Taxes
$3,234 (2025
Basement
Apartment, Finished with Walk-Out
Exterior
Porch
Heat Type
Other
Heat Source
Electric
Water
Municipal
Parking Spaces
2
Garage Type
Detached
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Listing contracted with Easy List Realty Ltd.
Attention Investors, Multi-Generational Buyers, And Savvy Buyers! Welcome To 395 Rhodes Ave, A Remarkable Residential Property Nestled In The Highly Sought-After Greenwood-Coxwell / Leslieville Pocket. This Solid Brick Property Is Fully Tenanted By Reliable Tenants, Generating A Phenomenal Gross Annual Income Of $91,860 (Inclusive Of Utilities) Across 3 Spacious, Self-Contained Units-Each Boasting Its Own Private Entrance, Kitchen, And Bathroom. This Exceptional Income Property Offers Incredible Stability And Outstanding Long-Term Growth Potential.The Layout Is Perfectly Optimized For Maximum Utility: The Lower Level Is A Spacious 3-Bedroom, Kitchen, 1.5-Bathroom Basement Suite. The Main Floor Features A Comfortable 2-Bedroom, Kitchen, 1-Bathroom Layout With A Separate Living Room. The Upper Level Is An Expansive 3-Bedroom Retreat Complete With Kitchen, A Bright Solarium, A Cozy Living Room With A Fireplace, And A Full Bath. Adding Massive Value To This Deep Lot Is A Shared Driveway Providing Easy Access To An Expansive Rear Parking Area That Comfortably Accommodates At Least 2 Vehicles.Live In One Unit And Let The Tenants Cover Your Expenses, Or Maintain It As A Hands-Off, Multi-Stream Addition To Your Real Estate Portfolio. Unbeatable Location Just Steps To The Vibrant Shops, Cafes, And Restaurants Of Little India And Leslieville. Commuting Is Effortless With Quick Access To Both Coxwell And Greenwood Subway Stations, The Danforth GO, And 24-Hour Streetcar Lines. An Absolute Must-See Opportunity!
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