Rexdale-Kipling · Toronto
$1,500,000
The scan
Two separate 2-bedroom apartments plus commercial nail salon lease, both tenanted, generating $97,497 gross annual income.
Tenanted and legal from day one, so the upside sits in the rent roll instead of the shovel.
- Lot 11.9 m x 52.7 m (38'-11" x 173'-0")
- Store W Apt/Office
Not confirmed
CR 2.0 (c2.0; r1.5) SS3 (x1142)
We have not verified the by-law standards for this parcel's zoning, so we are not quoting numbers on it. A number we cannot stand behind is worse than no number. The layer scan below is a rough pass, not a zoning answer.
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 standards for this zone, which is not a low-rise residential zone, so the rules that govern houses do not apply here
- Lot dimensions and area against a current survey, not the listing sheet
- Easements, rights of way and restrictive covenants registered on title
- The existing building measured on site: real footprint, height and grade
And more, depending on what the site turns up.
Have TESA check this lot properlyZoning scan 2026-08-25
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
Lot coverage
Storeys
Height limit
Permitted envelope
Zone
No zoning resolved on this parcel, so there is no envelope to quote. A TESA scan resolves the zone from the by-law directly.
Add a garden suite
By-law 849-2025 s.11A garden suite is a separate allowance, not counted into the main building's floor area. Its own cap is 60 m² over one storey or 120 m² over two. With a suite on the lot, coverage follows one of two by-law options, and which one is the applicant's choice.
Garden suite: 120 m² (1,292 ft²), 6.3 m tall, 7.5 m from the main building
Option A · all buildings at 45%
- Main building
- 885 m² (9,527 ft²)
- Main plus suite
- 1,005 m² (10,819 ft²)
Option B · main on the overlay, ancillary at 20%
- Main building
- Not available for this lot
- Main plus suite
- Not available for this lot
The main building has no coverage cap under Option B here, so its size is set by setbacks rather than a percentage.
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
Listing courtesy of RE/MAX ROUGE RIVER REALTY LTD..
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 11, 2026, 1:49 PM ET · Source: Toronto Regional Real Estate Board