16a Scarlett Rd

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! New topographic survey available. Floor plans available (garage and house).