98 Abbott Ave

A smartly designed, purpose built three storey, multi-unit property on an exceptionally large 32' x177' lot with lane access in a prime High Park locale! This spacious dwelling offers three renovated units and 3,230 square feet of floor area on four levels. The owner's upper two level apartment is bright and airy (easily converts to two bedrooms) with an open plan kitchen, dining and living room, 15 cathedral ceiling, working fieldstone, wood burning fireplace, large windows facing south, in suite laundry, powder room and three piece bath. The main floor 2 bedroom apartment has a working, wood burning brick fireplace, renovated kitchen and bath, in suite laundry, wide plank flooring, a side entry to the garden and is rented month to month. The lower level 2 bedroom unit has a new kitchen and a four piece bath, in suite laundry, wide plank flooring and a working wood burning fireplace. The property has untapped development potential with an option to build a laneway house plus a larger multi unit building. Depending on the number of units the maximum floor area would be 5,852 square feet over four storeys, including a level below grade. Due to the larger lot size it might be feasible to apply for a variance to allow two dwelling units in a proposed laneway house. For more details please see the development potential report by Laneway House Advisors posted on babiakteam.com or contact us below. There is a double garage plus off lane parking for a third car.Desirably located on a lovely tree-lined street, just a short walk to the UP Express (10 minutes to Union Station), GO Train, Dundas subway, neighbourhood schools, High Park and the fabulous boutiques, bakeries, speciality food stores, coffee shops and restaurants in the Junction and Roncesvalles. This is a remarkable opportunity for investors, those exploring live/rent options, individuals considering co-ownership arrangements, or families seeking multi-generational living.

EXTRAS: Financials, Home Inspection, video, floor plans, building potential / development report & house data available. Offers welcome starting on May 21. Main floor apt rented month to month. Upper and lower level apartments vacant.