$24,800,000
 $133,132 est/mo Sourced by Back At You

464-468 Winona Drive , Toronto C03, ON M6C 3T7

Toronto C03, ON M6C 3T7

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Description

The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This project is perfectly aligned with the Multi-Unit CMHC approval process, offering an exceptional opportunity to secure the maximum 100 points in the MLI Select program. It's a once-in-a-lifetime chance to own a rental, retirement, or student housing property in the heart of Toronto's Midtown one of the city's hottest rental markets. A prime opportunity that forward-thinking developers are actively pursuing in Toronto's core neighborhoods NOW.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 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 , mirroring its value with respect to a rental building . According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year. The owner developer is willing to acquire the Site Plan Approval if the Buyer asks for it with an agreeable extra cost. Listing brokerage & Seller make no representation and/or warranties with respect to the Property Tax, Approvals etc. Buyer must conduct own Due Diligence to verify all information.

Details

MLS#C11934192
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site23
Listing Provided BySOLTANIAN REAL ESTATE INC. | Not Provided

Features

SQ Feet21,098
Acreage0.48
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 10 minutes ago
StateON
CountyToronto
CityToronto C03
Zip CodeM6C 3T7
AreaOakwood Village
Listing VS Median (in M6C 3T7)
Price:
$24,800,000
low | high
Med:
$15,900,000
85.887098790323% of Average
SqFt:
21,098
low | high
Med:
20,917
50.857901222865% of Average
$ / SqFt:
$1,175
low | high
Med:
$757
85.640721946288% of Average
On Site:
23
low | high
Med:
170.000000
13.529411764706% of Average
Sourced by Back At You
Listing Updated: February 9, 2025 at 4:58:51 PM PST