With the current home positioned on the short side of the lot, this property unlocks the full potential of an impressive approx. 45 x 129 ft side yard - a rare opportunity for homeowners, investors, and developers alike. Easily add an ADU (Additional Dwelling Unit) or capitalize on the existing approved severance application to build two semi-detached dwellings with the potential for up to 6 additional units. Much of the costly and time-consuming planning work has already been completed, including prior ADU approval and current severance approvals, making this a truly turnkey development opportunity. The recently renovated legal duplex features 3+2 bedrooms and offers immediate income potential, while providing the flexibility to live in one unit and thoughtfully develop the side yard over time. Whether you're looking to expand your investment portfolio, create a multi-generational living setup, or secure a high-upside redevelopment property, the possibilities here are exceptional. Located in the highly desirable Exhibition Park neighbourhood, this property is surrounded by a vibrant community atmosphere, mature trees, parks, schools, and amenities - including a newly installed park directly across the street. Rarely does a property combine immediate cash flow, future development potential, and a premier location so seamlessly. Explore the possibilities and imagine the future you can build here.
Rare Exhibition Park Property with an Extraordinary Side Lot and Backyard Potential! Situated in one of the city's most prestigious, tree-lined neighbourhoods, this exceptional flag-shaped property is defined by its remarkably large side lot. With 96' frontage and 129' depth at its widest points, the oversized side yard offers incredible flexibility. This standout feature opens the door to creating an expansive private backyard oasis, pursuing a lot severance for a second home, or adding an Additional Dwelling Unit (ADU). Currently there is a committee of adjustment approval in place to build two semi-detached homes and a previous approval exists for a 2-bedroom ADU. Whether you envision an incredible backyard retreat with a pool, large shop or wish to explore the potential to create a second property, the space provides a truly unique canvas seldom found in this neighbourhood. The solid brick bungalow boasts a newly (2022) created two-bedroom basement apartment with its own exterior entrance and a seamless interior connection to the main home, offering versatile living options for family or guests. Generate immediate income or retain the space for yourself and family. Peace of mind comes with newer windows and roof, plus an updated upper-level kitchen and bathroom - simply move in with no updates required. Located directly across from a brand-new park and around the corner from Exhibition Park's expansive green spaces, trails, and community events, the setting blends lifestyle and convenience. With trees already cleared from the side yard and the lot ready for future plans, buyers have the rare opportunity to design a custom home on the side lot while maintaining an income-generating property - or simply enjoy one of the largest private yards in the neighbourhood. Opportunities like this are becoming increasingly rare-bring your vision and explore the possibilities.
TREB #X12868184
Mar 12, 2026
Delisted
—
Mar 10, 2026
Listed
$1,100,000
+26
Rare Exhibition Park Property with an Extraordinary Side Lot and Backyard Potential! Situated in one of the city's most prestigious, tree-lined neighbourhoods, this exceptional flag-shaped property is defined by its remarkably large side lot. With 98' frontage and 129' depth at its widest points, the oversized side yard offers incredible flexibility. This standout feature opens the door to creating an expansive private backyard oasis, pursuing a lot severance for a second home, or adding an Additional Dwelling Unit (ADU). Whether you envision an incredible backyard retreat with gardens, a pool, large shop, and outdoor living spaces, or wish to explore the potential to create a second property, the space provides a truly unique canvas seldom found in this neighbourhood. The solid brick bungalow boasts a newly (2022) created two-bedroom basement apartment with its own exterior entrance and a seamless interior connection to the main home, offering versatile living options for family or guests. Generate immediate income or retain the space for yourself and family. Peace of mind comes with newer windows and roof, plus an updated upper-level kitchen and bathroom-simply move in with no updates required. Located directly across from a brand-new park and around the corner from Exhibition Park's expansive green spaces, trails, and community events, the setting blends lifestyle and convenience. With trees already cleared from the side yard and the lot ready for construction, buyers have the rare opportunity to design a custom home on the side lot while maintaining an income-generating property-or simply enjoy one of the largest private yards in the neighbourhood. Opportunities like this are becoming increasingly rare-bring your vision and explore the possibilities.
TREB #X12467555
Oct 16, 2025
Listed
$1,200,000
TREB #X12465811
Oct 16, 2025
Listed
$1,200,000
TREB #X3284620
Aug 11, 2015
Listed
$299,900
As the MLS and public records start to fill up, we'll list the details here.