5+5
Bedrooms
3
Bathrooms
2,880
Square Feet
3,138 sq ft
Lot Size
2 Storeys
Built in
1960
$3,234
Annual Taxes
Description
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, 3 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.
Whether you choose to hold as a triplex or maximize density under the approved permit framework, 10 Fairbank Avenue delivers a compelling mix of stability, location, and development potential in one of Toronto’s most connected urban pockets.
Property Features
Property Type Duplex / Home Business Potential
Ad Type For Sale
Ownership Freehold / Fee Simple
Parking Detached Garage
Asking Price $1,200,000
Location
Address 10 Fairbank Ave
Neighbourhood Fairbank (Eglinton–Caledonia)
City Toronto
Province / State Ontario
Postal / ZIP M6E3Y4
Country Canada
Bathroom Types
Bathroom 1 3pc Bathroom
Bathroom 2 3pc Bathroom
Bathroom 3 3pc Bathroom
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