Freehold in Toronto

Welcome to this bungalow set on a generous 50 x 112 ft lot, offering exceptional potential for first-time buyers, investors, or builders looking to build a custom home. With a 50' frontage, this property presents a compelling opportunity for renovation, rental income, or future redevelopment. The main floor features a functional layout with 2 bedrooms and 1 bathroom, while the basement provides an additional living space with 2 bedrooms and 1 bathroom, creating flexibility for multi-unit use or extended family living. Both units are currently tenanted, offering immediate income while improvements or future plans are considered. An ideal opportunity for those seeking a project property with solid fundamentals, income potential, and long-term upside in an established neighbourhood close to schools, parks, transit, and everyday amenities. The main floor is currently rented for $1780/month and the basement is rented for $1700/month (inclusive of utilities). (id:65552)