Size
-
Lot size
582.13 sqm
Street frontage
N
Possession
TBD
Price per sqm
-
Taxes
$25,558.54 (2023)
Parking Type
Detached Garage
Style
Backsplit 3
See what's nearby
Description
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month
EXTRAS: **Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
EXTRAS: **Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Broker: RE/MAX REALTRON REALTY INC.
MLS®#: C8097970
Property details
Parking:
8
Parking type:
Detached Garage
Property type:
Detached
Heating type:
Forced Air
Style:
Backsplit 3
MLS Size:
-
Lot front:
15.24 M
Lot depth:
38.1 M
Listed on:
Feb 29, 2024
Show all details