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Duplex · Listed 1 day ago

1242 College Toronto,ON M6H 1C2

Toronto, ON, Canada

4 Beds4 Baths1,500–1,500 sqft0 Built

List price

$1,219,000

Why This Property?

This 1,500-square-foot Dufferin Grove duplex is configured as four self-contained living spaces, with four bedrooms and four bathrooms overall. Two units are vacant, a third is due to become vacant October 31, and the remaining tenant would welcome the opportunity to stay. Dufferin Station and Dufferin Grove Park are nearby.

Facts & Features

Bedrooms & bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full: 4
  • Half: 0

Living Area

  • 1,500–1,500 sqft

Stories

Lot size

  • 0.035 acres

Year built

  • 0

Property type

  • Duplex

Standard status

  • Active

Cooling

Heating

View

    Utilities

      Water / Sewer

      About This Property

      An exceptional opportunity in the heart of Toronto\'s vibrant College West neighbourhood! This substantial 2-storey semi-detached home is currently configured into 4 self-contained living spaces, offering tremendous flexibility for investors, end users or multi-generational families. A rare opportunity with 2 units already vacant and a third becoming vacant October 31st, allowing the new owner to establish their own rents or occupy one unit while generating income from the others to help offset mortgage costs. The remaining unit is occupied by a long-term tenant who would welcome the opportunity to stay. Current and previous rental income demonstrate the property\'s excellent income-generating potential, with additional upside as vacant units are re-leased. Situated in a dynamic west-end community, just steps to trendy restaurants, cafés, independent shops, parks, schools, Dufferin Mall and convenient TTC access, including the College streetcar and Lansdowne subway station. Whether you\'re looking to expand your investment portfolio or establish roots in one of Toronto\'s most exciting neighbourhoods, 1242 College Street offers location, versatility and opportunity!

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      Listing Broker

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      MLS® TRREB · Listing #C13881704

      Frequently Asked Questions

      Everything you need to know about valuing and buying with RealOrca.

      How is the property currently configured?
      It has four self-contained living spaces. Two units are vacant, a third is expected to become vacant October 31, and one unit has a long-term tenant who would welcome the opportunity to stay.
      What nearby parks and transit serve the area?
      Dufferin Grove Park is a local gathering place, and Dufferin Station provides access to TTC Line 2 at the neighbourhood’s north edge.
      What is a duplex, and how is it typically used in Toronto?
      A duplex is a residential property with two self-contained units within one building. In Toronto, duplexes are often used either by owner-occupiers who live in one unit and rent the other, or by investors looking for flexible multi-unit housing in established neighbourhoods.
      What should buyers know about financing a duplex in Toronto?
      Lenders may assess a duplex differently than a single-family home because rental income can factor into affordability calculations. Buyers should expect the mortgage process to include a review of income, down payment, occupancy plans, and the condition of both units.
      Are duplexes common in Toronto neighbourhoods near transit?
      Yes. Duplexes are often found in older, well-connected neighbourhoods where access to TTC subway, streetcar, bus routes, and sometimes GO Transit is a major advantage. Transit access can be especially important for households that commute within Toronto or across the GTA.
      What features are buyers often looking for in a Toronto duplex?
      Common priorities include separate entrances, independent kitchens and bathrooms, good sound separation, functional layouts, parking if available, and strong rental potential. Proximity to schools, parks, and transit is also a frequent consideration.