Property Details
464-468 WINONA DRIVE, Toronto (oakwood Village), Ontario, M6C3T7
Sales Representative
RE/MAX CROSSROADS REALTY INC. Brokerage
Cell: 905-960-9060
Tel: 1-866-924-7496
Toll free: 1-866-924-7496
$29,500,000 - For sale
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:2471)
Location DescriptionSt. Clair and Winona
- Property Address:464-468 WINONA DRIVE, Toronto (oakwood Village), Ontario, M6C3T7
- Property Type:Vacant Land
- Community Name:Oakwood Village
- Lot Size:71 x 303.5 FT
- Water Type:Municipal water
- Floor Space:21098 sqft
- Amenities Nearby:Highway
Sales Representative
RE/MAX CROSSROADS REALTY INC. Brokerage
Cell: 905-960-9060
Tel: 1-866-924-7496
Tollfree: 1-866-924-7496
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 464-468 WINONA DRIVE, Toronto (oakwood Village), Ontario, M6C3T7
- Neighbourhood Information
464-468 WINONA DRIVE, Toronto (oakwood Village), Ontario, M6C3T7
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