464-468 Winona Drive Toronto, Ontario M6C 3T7
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$19,900,000
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:58072)
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 Irregular | 71 X 303.5 Ft |
| Size Total Text | 71 X 303.5 Ft |
https://www.realtor.ca/real-estate/26417459/464-468-winona-drive-toronto-oakwood-village
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May 14 2024 01:32:19
Toronto Real Estate Board
Forest Hill Real Estate Inc.