128 Fairglen Avenue, Toronto E05, ON For Sale

Description

Rare opportunity to own a large bungalow on a massive 66 x 170 ft lot in a high-demand, family-friendly neighborhood. Featuring approximately 1,449 sq. ft. on the main floor plus a finished walk-up basement with a separate entrance, this freshly painted home offers incredible potential for end-users, investors, or builders. Its perfect for those looking to renovate or rebuild into a custom luxury residence, surrounded by million-dollar homes on the street. Conveniently located near top schools, TTC, and shopping, this property is also across from the highly regarded Fairglen Junior Public School, known for its Gifted Program and strong provincial ranking. Its also in the sought-after school zone for Macdonald Collegiate Institute and A.Y. Jackson Secondary School, both recognized for academic excellence. A fantastic investment with exceptional long-term value. Development opportunity with significant upside-designed by an architect and offering approximately 5,000 sq. ft. of gross floor area (excluding the basement), with additional potential to expand and maximize returns. This intelligently planned project includes a secondary rental suite in the basement, providing immediate income potential and the option to further optimize the layout for stronger cash flow.All zoning and required approvals are fully secured, eliminating entitlement risk and saving months-if not years-of time and carrying costs. The project is ready for an immediate building permit application, allowing a buyer to move straight into construction and accelerate timelines. A complete set of architectural drawings and supporting documentation is available, enabling a seamless transition and reducing soft costs. In addition, the site supports potential for multiplex development, unlocking higher density and significantly increasing long-term income and resale value.