$949,000Asking Price
Developers & Investors Attention !!! Rare development opportunity in Morningside ! A current detached residential property with rezoning approval for a Fourplex, offering an excellent turnkey development potential. The property is currently tenant-occupied at $2,200/month, with tenancy ending on April 30, 2026 Tenants are also willing to stay, providing flexibility for immediate rental income until vacant possession and future redevelopment. This site is perfect for developers or investors looking to build a legal multiplex in a strong high demand rental market, or end-users build your custom dream home, close to schools, UT Scarb. Centennial, parks, transit, Hwy 401. Zoning approval secured, allowing for efficient planning and project preparation. seller can assist with building permit acquisition at an adjusted price, allowing for an even faster path to a ready-to-build site. Don't miss this chance to acquire a property with upside potential in a high-demand area.
Developers & Investors Attention !!! Rare development opportunity in Morningside ! A current detached residential property with rezoning approval for a Fourplex, offering an excellent turnkey development potential. The property is currently tenant-occupied at $2,200/month, with tenancy ending on April 30, 2026 Tenants are also willing to stay, providing flexibility for immediate rental income until vacant possession and future redevelopment. This site is perfect for developers or investors looking to build a legal multiplex in a strong high demand rental market, or end-users build your custom dream home, close to schools, UT Scarb. Centennial, parks, transit, Hwy 401. Zoning approval secured, allowing for efficient planning and project preparation. seller can assist with building permit acquisition at an adjusted price, allowing for an even faster path to a ready-to-build site. Don't miss this chance to acquire a property with upside potential in a high-demand area.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 3-Piece Bathroom on Upper | ||||
| 1 2-Piece Bathroom | ||||
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Morningside, Toronto is an east Toronto neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from the Philippines, India and Sri Lanka, and Tagalog and Tamil speakers. Residents tend to be younger with a significant number of babies, kids aged 10 to 14, youth aged 15 to 24, adults aged 55 to 64 and seniors aged 65 to 69.
Kids Per Family
1.5
kids per family
in the neighbourhood.
51%
of residents are
single and loving it.
51% singles
Toronto (50%)
41%
of residents
are renters.
41% renters
Toronto (47%)
33%
of residents are
university grads.
33% university grads
Toronto (48%)Average Household Income
$95K
is the average household
income in the neighbourhood.
Professions
| Sales | 16% |
| Business | 10% |
| Trades | 8% |
| Health | 6% |
| Government | 6% |
56%
of residents were
born outside of Canada.
56% immigrants
Toronto (48%)8.9% from Philippines
All-time
1.8% from India
Recent
Foreign Languages
| Tamil | 8% |
| Tagalog | 7% |
| Urdu | 3% |
| Bengali | 2% |
| Gujarati | 2% |
Religions
| Christian | 63% |
| Hindu | 13% |
| Muslim | 10% |
| Sikh | 1% |
| Buddhist | 1% |
Social Housing Buildings
2
Social housing buildings
in the neighbourhood.
Shelters
0
Homeless shelters in
the neighbourhood.