464-468 Winona Drive Toronto, Ontario M6C 3T7
$29,500,000
The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This optimal utilization of the land is highly supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in midtown Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 in 2023, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year. **** EXTRAS **** Furthermore, feasibility studies and additional information will be provided for the buyer's Due Diligence once a confidentiality agreement is signed following the acceptance of the Conditional Agreement of Purchase and Sale. (id:50886)
Business
| BusinessType | Residential |
| BusinessSubType | Residential |
Property Details
| MLS® Number | C9353710 |
| Property Type | Vacant Land |
| Community Name | Oakwood Village |
| AmenitiesNearBy | Highway |
Building
| SizeInterior | 21098 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Highway |
| SizeDepth | 303 Ft ,6 In |
| SizeFrontage | 71 Ft |
| SizeIrregular | 71 X 303.5 Ft |
| SizeTotalText | 71 X 303.5 Ft |
| ZoningDescription | Rm |
Interested?
Contact us for more information
Sharon Soltanian
Broker of Record
175 Willowdale Ave Ste 100
Toronto, Ontario M2N 4Y9
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. 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. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 16 2024 02:43:29
Toronto Real Estate Board
Soltanian Real Estate Inc.