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

21098 sqft

$24,990,000

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 now absolutely supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis.Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been recently Appraised at $25,100,000 in as-is condition, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building can generate over $5,000,000 Rental Income per year. **** EXTRAS **** Furthermore, feasibility studies and additional information will be provided to the prospective buyer once a confidentiality agreement is signed following the acceptance of the Agreement of Purchase and Sale. (id:48469)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number C7401202
Property Type Vacant Land
Community Name Oakwood Village

Building

Size Interior 21098 Sqft
Utility Water Municipal Water

Land

Acreage No
Size Depth 303 Ft
Size Frontage 71 Ft
Size Irregular 71 X 303.5 Ft
Size Total Text 71 X 303.5 Ft
Zoning Description Rm

https://www.realtor.ca/real-estate/26417459/464-468-winona-drive-toronto-c03-oakwood-village

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