Matthew Tenk
Broker of Record
464-468 Winona Drive Toronto (Oakwood Village), Ontario M6C 3T7
$29,500,000
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 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:39551)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | C9353710 |
| Property Type | Vacant Land |
| Community Name | Oakwood Village |
| Amenities Near By | Highway |
Building
| Fireplace Present | No |
| Size Interior | 21098 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway |
| Size Depth | 303 Ft ,6 In |
| Size Frontage | 71 Ft |
| Size Irregular | 71 X 303.5 Ft |
| Size Total Text | 71 X 303.5 Ft |
| Zoning Description | Rm |
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Toronto Real Estate Board
Soltanian Real Estate Inc.
September 17 2024 05:14:30
