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New Toronto · Toronto

$1,128,800

The scan

The play: Turnkey income

Three self-contained units with separate kitchens, marketed as 'turnkey investment property' with 'exceptional income potential.'

Tenanted and legal from day one, so the upside sits in the rent roll instead of the shovel.

  • Lot 12.2 m x 36.6 m (40'-0" x 120'-0")
  • Detached
TESA ScanZoning

The by-law's answer for this lot

We resolved this parcel's zoning, the site-specific exceptions registered against it, and the building forms the by-law permits without a rezoning. Every number below traces to by-law text we hold on file, and we re-check it against the City's register nightly.

Zone

RM (u4; d0.6) (x23)

Site exception

Exception 23, with parts of it still to confirm

As-of-right form

Site-specific Zoning By-law Amendment (Planning Act s.34)

As-of-right envelope

Not available for this lotEnvelope from lot coverage times storeys. FSI does not apply to a houseplex.

Severance

The by-law supports a split hereA split would leave roughly 6.1 m (20'-0") of frontage per lot.

Still to verify on this parcel

None of these can be settled from records alone. Any one of them changes what this lot can hold.

  • Whether an apartment building could be argued here, which the by-law does not allow without a rezoning
  • The front yard setback is averaged against the neighbouring houses, so it depends on buildings that have to be measured on site
  • Which lot coverage rule governs here, which sets how much of the lot the buildings can sit on
  • Lot dimensions and area against a current survey, not the listing sheet
  • Easements, rights of way and restrictive covenants registered on title

And more, depending on what the site turns up.

Have TESA check this lot properly

Zoning scan 2026-08-28

TESA ScanBuildability

A quick pass over the mapped layers, kept here for comparison. Where it disagrees with the zoning answer above, go with the zoning answer.

What you are buying, and what is left unused

The building is the asset here, so the numbers lead with what it costs per existing foot and per unit. The as-of-right envelope follows as unused permission: where it runs well ahead of what is standing, there is room to add without buying more land.

Lot area

446 m² (4,800 ft²)Calculated from the listed frontage and depth.

Existing floor area

1,100 to 1,500 ft²

Permitted envelope

Not available for this lot

Zone

RM

Zone max. units

4

The zoning label carries a density figure, but floor space index does not apply to a detached or semi-detached houseplex (By-law 648-2025). No lot-coverage cap resolved here either, so quoting an envelope would mean applying a standard that does not govern this building type. What actually caps the building is setbacks and building depth, which a TESA scan resolves from the by-law.

What binds it

  • Archaeological potentialStudy before ground

    An archaeological assessment is required before soil is disturbed. It is a cost and a schedule item, and it does not stop a demolition.

The rest of this listing

Photos and the brokerage's own write-up need a sign-in.

What TESA makes of this lot, what the by-law allows on it, and the asking price are all above. What the listing brokerage published sits behind a text message, and a Canadian mobile number is the whole login.

Behind the sign-in

  • Every photo on the listing
  • The brokerage's full description
  • The complete facts grid
  • Open house times
  • The virtual tour
  • The location map

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Listing courtesy of CEG REAL ESTATE INC..

This information is provided by the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate by PropTx.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing updated Aug 23, 2026, 1:42 PM ET · Source: Toronto Regional Real Estate Board