1242 College Street, Toronto, ON M6H 1C2
Dufferin Grove, Toronto · Near Lansdowne Ave & College St · View map
About this home
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!
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 1100-1500 sq ft
- Bedrooms
- 4
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 12
- Basement
- Finished
- Lot size
- 16.7 x 91.3 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 1
- Total parking
- 1
- Parking features
- Private
Taxes & other
- Property taxes
- $4,902/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- Lansdowne Ave & College St
- Neighbourhood
- Dufferin Grove
More
- Price per sq ft
- ~$884 (at 1,300 sq ft)
- MLS® number
- C13881704
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
1242 College Street, Toronto, ON M6H 1C2
Dufferin Grove, Toronto · Near Lansdowne Ave & College St
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Listing history for 1242 College Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 1242 College Street
Answers come straight from this home’s MLS® listing.
How much is 1242 College Street listed for, and what would it cost each month?
1242 College Street is listed for $1,149,000. With 20% down ($229,800), the mortgage payment would be roughly $4,635 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,043 a month, all in. That figure is an illustration, not a quote.
Is 1242 College Street freehold or a condo, and is there a monthly fee?
1242 College Street is a duplex in Dufferin Grove, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 1242 College Street have?
1242 College Street has 4 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 1242 College Street have a garage and parking?
The listing does not show a garage. The driveway adds 1 space. In total the listing counts 1 parking space.
Does 1242 College Street have a finished basement?
The listing describes the basement as finished. Finished basement space is usually not counted in the square footage shown.
What style of home is 1242 College Street?
1242 College Street is a duplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 1242 College Street, and what is the lot size?
The listing puts the home between 1,100 and 1,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 16.7 x 91.3 ft.
How is 1242 College Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 1242 College Street?
Property taxes are $4,902 a year (2025), or about $409 a month.
Where is 1242 College Street?
1242 College Street is in the Dufferin Grove community of Toronto. The nearest main intersection is Lansdowne Ave & College St. The postal code is M6H 1C2.
Is 1242 College Street still for sale?
Yes. It is an active listing (MLS® C13881704). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 1242 College Street asking?
Similar properties for sale nearby right now include 1060 College Street at $1,199,000 (4+1 bed), 361 Highfield Road at $1,298,000 (4 bed) and 200 Roxton Road at $1,350,000 (4+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 1242 College Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 1242 College Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
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Triplex$1,199,0001060 College Street, Toronto4+1 bed · 3 bath · Dufferin GroveCourtesy of: SUTTON GROUP OLD MILL REALTY INC.View home →
Triplex$1,298,000361 Highfield Road, Toronto4 bed · 3 bath · Greenwood-CoxwellCourtesy of: HC REALTY GROUP INC.View home →
Duplex$1,350,000200 Roxton Road, Toronto4+1 bed · 3 bath · Trinity-BellwoodsCourtesy of: RE/MAX REAL ESTATE CENTRE INC.View home →Courtesy of: ENGEL & VOLKERS TORONTO CITY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.