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Talk about location! Welcome home to the most southern freehold residential property in the downtown core, available for the first time in 46 years. This home boasts a whopping 2,038 square feet interior above grade. The possibilities of this home are endless. Renovate and rent out, renovate and live in or buy and hold for future re-development site. You do not want to miss this unique opportunity! Renovators, Contractors, Developers. Zoned CR, zoning allows for 18 meters of height.
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Welcome home to the best priced, turnkey 2-unit, rental home in the best location Toronto has to offer! Located on a quiet street in the heart of downtown Toronto, this is the hidden gem you never knew existed. The possibilities of this home are endless. It can be a fantastic airbnb rental property, or rent both units out long term or you can live in one unit while renting out the other unit. All this while sitting on a future re-development site. You do not want to miss this unique opportunity! Includes all furnishings in the home. Offers anytime, property is not going to bids. Zoned CR, zoning allows for 18 meters of height.
Newly renovated heritage property with 18 multi-family residential units and 5000 sf of retail. Building was underpinned, all brand new mechanical, electrical, plumbing, window and roofing systems - can be severed or combined with abutting 12 Freehold Townhomes Lots, serviced and permit ready (2000 SF each) - Townhouse lots are listed separately. Future immediate access to Mimico GO Station 30 meters from the site - (12 minutes to Union Station), Gardiner Expressway, Hwy's. 427 + 401.
Lots of potential. Build up to 7 storyes up to 50,000 sqft. Great area, close to good schools, Yonge st, and finch subway. Several townhomes and stacked towns on Drewry, and in the immediate area. Purchase price includes adjacent property, giving you a great corner parcel of 93.5 x 168. Vendor does not make any representations with respect to future development potential of property. planner opinion letter is available upon request.Extras:
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.
Parking space for lease-Many different options available. Prime Scarborough location at Warden and Eglinton. The area is fenced off at the perimeter. 50x50 lot for $1500 mthly gross lease, 50x100 lot for $3000 and 45 x 100 ft lot for $3000. Great for vehicle storage, inpound storage etc. No container storage, no hazardous items or hazardous waste, no "raw" industrial or waste item storage, no flammable items, no tire storage. Tenant is responsible for their own storage. Electrical can be available for certain lots at an extra charge.
Corner lot in a rapidly changing area ready for redevelopment. The owner has undergone significant planning and studies to convert this vacant building into a much higher and better use.
