Cross Streets: MORRISH RD/OLD KINGSTON RD. ** Directions: SOUTH OF 401. Nestled in a quiet cul-de-sac within a mature, family-friendly neighbourhood, this exceptional property offers significant residential redevelopment potential in a rapidly evolving, high-demand area. Surrounded by established homes and ongoing community intensification, it represents an outstanding opportunity for builders, developers, and savvy investors. Development Potential: The seller has proposed severing the property into two lots, with plans to build four flex units per lot with no development charges (buyer to verify with the city). Strong Immediate Income: Functions as an ideal holding property, generating approximately $5,100 per month in rental cash flow while development plans and permits are pursued. Unbeatable Proximity to Campus: Just a 4-5-minute walk to the University of Toronto Scarborough (UTSC), ensuring perpetual, high-volume tenant demand for long-term rental income. Prime Location & Transit: Minutes to Highway 401, TTC transit routes, top-rated schools, hospitals, shopping centres, and everyday amenities. Whether you are looking to acquire a high-yield income property or execute a multi-unit residential project, this property delivers the ideal mix of location, cash flow, and potential value creation. (id:27476)
