$899,000Asking Price
116 Branstone Road, Toronto W03, ON M6E 4E5
Fairbank, Toronto
Incredible First-Time Buyer or Investment Opportunity! Fully renovated in 2020, this 2-bedroom bungalow is the perfect condo alternative with huge income potential! The main floor features an open concept layout with a spacious kitchen, living, and dining area. The primary bedroom offers a separate backyard entrance and sliding glass door, ideal for adding a future deck to boost the outdoor space. Second bedroom can be used as a flexible office space! The basement is already divided into 2 self-contained bachelor units, each with their own kitchen & bathroom. With the easy potential to convert the main floor into 2 separate units (potential bachelor apartment at the rear of the property) with independent access, this property can be transformed into a 4-unit cash-flow machine. Sitting on a pie-shaped lot that widens to 45 ft at the rear and complete with a detached double garage, this home offers both functionality and future value. Located within walking distance to the upcoming Eglinton LRT, this property is perfect for first-time buyers seeking mortgage help or investors looking to maximize rental income in a prime, transit-accessible location. Capitalize on current market rents (vacant units ready for new tenants)... Projected Rents: Main Floor $2400; Basement 1: $1300; Basement 2: $1300... Estimated $4800-5000 monthly income when fully tenanted!
Incredible First-Time Buyer or Investment Opportunity! Fully renovated in 2020, this 2-bedroom bungalow is the perfect condo alternative with huge income potential! The main floor features an open concept layout with a spacious kitchen, living, and dining area. The primary bedroom offers a separate backyard entrance and sliding glass door, ideal for adding a future deck to boost the outdoor space. Second bedroom can be used as a flexible office space! The basement is already divided into 2 self-contained bachelor units, each with their own kitchen & bathroom. With the easy potential to convert the main floor into 2 separate units (potential bachelor apartment at the rear of the property) with independent access, this property can be transformed into a 4-unit cash-flow machine. Sitting on a pie-shaped lot that widens to 45 ft at the rear and complete with a detached double garage, this home offers both functionality and future value. Located within walking distance to the upcoming Eglinton LRT, this property is perfect for first-time buyers seeking mortgage help or investors looking to maximize rental income in a prime, transit-accessible location. Capitalize on current market rents (vacant units ready for new tenants)... Projected Rents: Main Floor $2400; Basement 1: $1300; Basement 2: $1300... Estimated $4800-5000 monthly income when fully tenanted!
See MoreKey Info
- Bungalow Detached
- 2-Car Driveway
- 2-Car Detached Garage
- Eglinton Ave W & Dufferin St
- 700-1100 Approximate Sq Feet
- 51-99 Years Approximate Age
- Basement Apartment
- 3 + 2 Kitchens
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 20 x 122.2 Feet
- Brick Exterior
- Taxes were $4,857 in 2024
- Possession: immediate/flexible
Details
- No Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #W12402111
- KELLER WILLIAMS REFERRED URBAN REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Main | 12.99' x 8.60' | Combined with Dining, Pot Lights, Eat-in Kitchen |
 | 2 3-Piece Bathrooms on Main Floor | |||
| 2 3-Piece Bathrooms | |||
How Far is Too Far?
See personalized commute details for each listing by adding your favourite places (like work or daycare) and mode of travel.
Sign up to see commute timesAlready signed up? Sign in
Who lives here?
Fairbank, Toronto is a central Toronto neighbourhood notable for its salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from Portugal and the Philippines, and Italian, Spanish, Tagalog and Portuguese speakers. Residents tend to be older with a significant number of adults aged 35 to 64.
Families
Kids Per Family
1.2
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
46%
of residents are
single and loving it.
46% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
36%
of residents
are renters.
36% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
21%
of residents are
university grads.
21% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$97K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Sales | 19% |
| Trades | 14% |
| Business | 9% |
| Government | 8% |
| Management | 4% |
Immigrants
54%
of residents were
born outside of Canada.
54% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
17.1% from Portugal
All-time
Birthplace - Recent
2.0% from Philippines
Recent
Foreign Languages
Foreign Languages
| Portuguese | 26% |
| Spanish | 8% |
| Italian | 5% |
| Tagalog | 5% |
| Vietnamese | 1% |
Religions
Religions
| Christian | 81% |
| Buddhist | 3% |
| Hindu | 2% |
| Muslim | 2% |
Social Housing
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
Shelters
1
Homeless shelters in
the neighbourhood.
