$1,199,000Asking Price
***Residential Potential Development Opportunity in Prime Scarborough Location! *** Situated in a quiet Cul-De-Sac in a mature neighbourhood. Easy access to 401, Transit, Hospital, Bank. 4-5 minutes walk to U of T Scarborough Campus. ***Seller has proposed to the following Development: Separate into 2 lots and build 4 Flex on each lot with NO DEVELOPMENT CHARGE***Surrounded by established homes and ongoing intensification, the property benefits from strong demand driven by its proximity to major transit routes, shopping, schools, and key amenities. Whether you are looking to build a luxury custom residence, explore multi-unit development possibilities or hold for future appreciation, this property checks all the boxes. The existing structure provides interim rental income potential while planning approvals are pursued. Do not miss this rare opportunity to secure a prime piece of real estate in one of Scarborough's most promising pockets. Current Rental Income: $3,825 per month.
***Residential Potential Development Opportunity in Prime Scarborough Location! *** Situated in a quiet Cul-De-Sac in a mature neighbourhood. Easy access to 401, Transit, Hospital, Bank. 4-5 minutes walk to U of T Scarborough Campus. ***Seller has proposed to the following Development: Separate into 2 lots and build 4 Flex on each lot with NO DEVELOPMENT CHARGE***Surrounded by established homes and ongoing intensification, the property benefits from strong demand driven by its proximity to major transit routes, shopping, schools, and key amenities. Whether you are looking to build a luxury custom residence, explore multi-unit development possibilities or hold for future appreciation, this property checks all the boxes. The existing structure provides interim rental income potential while planning approvals are pursued. Do not miss this rare opportunity to secure a prime piece of real estate in one of Scarborough's most promising pockets. Current Rental Income: $3,825 per month.
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Kitchen | Ground | 11.58' x 11.52' | Eat-in Kitchen |
| 1 4-Piece Bathroom | ||||
| 1 3-Piece Bathroom | ||||
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Highland Creek, Toronto is an east Toronto neighbourhood notable for its business and science professionals and tradespeople. It has a higher than average population of immigrants, particularly those from Guyana, India and Sri Lanka, and Tamil speakers. Residents tend to be older with a significant number of youth aged 15 to 24, adults aged 50 to 64 and seniors aged 65 to 74.
Kids Per Family
1.4
kids per family
in the neighbourhood.
45%
of residents are
single and loving it.
45% singles
Toronto (50%)
13%
of residents
are renters.
13% renters
Toronto (47%)
40%
of residents are
university grads.
40% university grads
Toronto (48%)Average Household Income
$146K
is the average household
income in the neighbourhood.
Professions
| Sales | 14% |
| Business | 12% |
| Government | 7% |
| Sciences | 7% |
| Trades | 6% |
57%
of residents were
born outside of Canada.
57% immigrants
Toronto (48%)9.7% from India
All-time
1.8% from India
Recent
Foreign Languages
| Tamil | 10% |
| Tagalog | 4% |
| Cantonese | 2% |
| Bengali | 2% |
| Urdu | 2% |
Religions
| Christian | 54% |
| Hindu | 18% |
| Muslim | 12% |
| Sikh | 2% |
| Buddhist | 2% |
Social Housing Buildings
0
Social housing buildings
in the neighbourhood.
Shelters
0
Homeless shelters in
the neighbourhood.