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464-468 WINONA DRIVE Toronto
  • 464-468 WINONA DRIVE Toronto
  • 464-468 WINONA DRIVE Toronto

464-468 WINONA DRIVE, Toronto, Ontario

$29,500,000

  • 21,098 Square Feet

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. (id:23309)

  • Listing ID: C9353710
  • Property Type: Vacant Land
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Details

  • Amenities Nearby: Highway
  • Transaction: For sale
  • Zoning Description: RM

Building

  • Fireplace Present: False
  • Size Interior: 21098 sqft
  • Utility Water: Municipal water

Land

  • Amenities: Highway
  • Size Frontage: 71 ft
  • Size Irregular: 71 x 303.5 FT
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Listing provided by SOLTANIAN REAL ESTATE INC.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 464-468 WINONA DRIVE in Toronto Ontario. It was last modified on September 17th, 2024. Contact Jaber Zreik to schedule a viewing or to discover other Toronto properties for sale.

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