Toronto (oakwood Village), ON M6C3T7,464-468 WINONA DRIVE
Toronto (oakwood Village), ON M6C3T7,464-468 WINONA DRIVE
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$29,500,000
Est. payment /mo
21,098 SqFt
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Square Footage 21,098 sqft

Price per Sqft $1,398

Subdivision Oakwood Village

MLS® Listing ID C9353710

Originating Board Toronto Regional Real Estate Board

Property Description

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:24570)

Location

Province ON

Exterior

Garage No

Waterfront No

View Y/N No

Private Pool No


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Listed by SOLTANIAN REAL ESTATE INC.

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Rebecca Liu

+1(613) 879-9650

Agent | License ID: 5031708

Agent License ID: 5031708

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