1242 College Street
Dufferin Grove, Toronto, M6H 1C2
FOR SALE
$1,219,000
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4
BEDROOMS 4
BATHROOMS 1 + 3
KITCHENS 12
ROOMS C13881704
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Property Description
An exceptional opportunity in the heart of Toronto's vibrant College West neighbourhood! This substantial 2-storey semi-detached home is currently configured into 4 self-contained living spaces, offering tremendous flexibility for investors, end users or multi-generational families. A rare opportunity with 2 units already vacant and a third becoming vacant October 31st, allowing the new owner to establish their own rents or occupy one unit while generating income from the others to help offset mortgage costs. The remaining unit is occupied by a long-term tenant who would welcome the opportunity to stay. Current and previous rental income demonstrate the property's excellent income-generating potential, with additional upside as vacant units are re-leased. Situated in a dynamic west-end community, just steps to trendy restaurants, cafés, independent shops, parks, schools, Dufferin Mall and convenient TTC access, including the College streetcar and Lansdowne subway station. Whether you're looking to expand your investment portfolio or establish roots in one of Toronto's most exciting neighbourhoods, 1242 College Street offers location, versatility and opportunity!
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Property Features
None, Private
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Property Details
Address
1242 College Street
Community
City
Postal Code
M6H 1C2
Property Type
Duplex, Duplex
Lot Size
17' x 91'
Taxes
$4,902 (2025
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
1
Garage Type
None
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Listing contracted with Engel & Volkers Toronto City
An exceptional turn-key investment opportunity in a prime Toronto neighborhood, this property offers outstanding income potential in an unbeatable location. Featuring separate units- two-bedroom suites on the upper and main levels, plus a one-bedroom lower suite. The property also boasts a rare, generous backyard offering endless potential for future development or outdoor living. Situated in a vibrant community steps from TTC transit, subway access, popular dining, and everyday amenities, this home delivers an ideal mix of immediate cash flow, future growth, and long-term value.
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Rare & Exceptional Opportunity In The Heart Of Mimico! This well-maintained, owner-occupied legal duplex offers an incredible combination of multiple units, location, lot size, and parking. Currently configured as a legal duplex, featuring a spacious 2-bedroom main-floor unit and a generous 3-bedroom upper unit. The lower level offers an additional 1-bedroom apartment with a separate entrance, an excellent opportunity for buyers looking to maximize the property's potential. Each unit features separate hydro meter and ensuite laundry. Set on a rare 146-foot-deep lot, the property also features a detached garage and private parking; an exceptional offering in this highly sought-after Mimico neighbourhood. The home has been lovingly cared for by its owner and offers a fantastic opportunity for investors, multi-generational families or buyers looking for additional rental income. Steps to Parklawn and Lakeshore, enjoy the best of Mimico with the lake, waterfront trails, parks, dining, shopping, transit and major commuter routes all close by. A truly rare property with exceptional potential in one of Toronto's most desirable west-end communities.
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