$999,900 - 10 Fairbank Avenue, Keelesdale
Multi-Family for Sale in Keelesdale
New — Listed yesterdayNeighbourhood: Caledonia-Fairbank
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- MLS Number
- W13867182
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 1
- Bedrooms
- 10
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Keelesdale / Eglinton West
- Taxes (2025)
- $3,234
- Listing Brokerage
- RE/MAX WEST REALTY INC.
Rare detached legal duplex in Midtown Toronto offering exceptional flexibility and income potential. Situated on a 25 x 125 ft lot, the property features three self-contained units with separate kitchens and living areas, providing a total of 6 bedrooms and 3 bathrooms. Approved architectural plans allow the main house to expand from a legal duplex into a legal 4-unit multiplex, with an additional 2-storey garden suite permitted at the rear. Fire separations, egress requirements and structural notes have already been documented, creating a clear path for redevelopment. Located in the rapidly improving Fairbank neighbourhood, just steps to parks, schools, community amenities and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. A unique opportunity offering immediate rental income, long-term growth potential and multiple future-use possibilities.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Caledonia-Fairbank
Caledonia-Fairbank is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Caledonia-Fairbank
- •Convenient location in Keelesdale / Eglinton West
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Caledonia-Fairbank offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
10 Fairbank Avenue, Keelesdale / Eglinton West
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $667/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Keelesdale's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Excellent Flexibility
With 10 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Keelesdale.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Caledonia-Fairbank
I know Caledonia-Fairbank well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Keelesdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.