16A Scarlett Road

$1,188,000

3-Bed

2-Bath

Listed on 4/5/24

Come live in this 3-bed, 2-bath Home

Listed by CRESCENT REAL ESTATE INC.

Freshly renovated detached home w/flexible income options & massive development potential located 1 block N of Dundas & Scarlett. Lot size is ~4000 sf w/new survey. Existing zoning on Scarlett is CR 2.0 (Comm or Res) permitting max building height of 49.2 ft and building size of ~8000 that's 2 times lot size, plus basement. Property is deep & abuts two streets w/good frontages, 25' & 27', ideal for widthwise lot severance application (granting as-of-right potential to build two fourplexes), plenty of properties w/smaller lot areas nearby. Two-level ~800 sf (inc. loft) cinder block garage w/3 garage doors (2 w/power openers) & loft on 8" joist w/steel beam (no center posts, possible conversion to garden suite). Revitalization of immediate area w/new bridge (see city illustration) & significant town house development ~100m E & W of this property. Existing bungalow is solid brick & move-in/income ready on day 1. Currently a 2+1 bed configuration, but can easily convert to 3+2 bed). Newer AC & Furnace. Easy parking off Bernice for several large vehicles, paired w/garage it's a contractor's dream. TTC at door, short ride to Runnymede Station on Bloor line. This property also offers close proximity to urban amenities - the serene Humber River, its wildlife & inviting paths; nearby parkettes Marie Baldwin Park & Woolner Dog Park for leisurely strolls or energetic play; & renowned Lambton Golf & Country Club just around the corner. Schools & groceries nearby achieve harmonious work/life balance effortlessly. Perhaps the most exciting aspect of the property is the untapped potential it offers! Whether seeking a home to call your own, an income-generating asset to rent, or a grand development project, the possibilities are endless. Be the first to live in this renovated space, rent it out for lucrative returns, or transform the property into your dream project!