$29,500,000
Available - For Sale
Listing ID: C9353710
464-468 Winona Dr , Toronto, M6C 3T7, Ontario
| 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. |
| Mortgage: The title will be clear on the closing date from all encumbrances |
| 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. |
| Price | $29,500,000 |
| Taxes: | $16500.00 |
| Tax Type: | Annual |
| Occupancy by: | Owner |
| Address: | 464-468 Winona Dr , Toronto, M6C 3T7, Ontario |
| Postal Code: | M6C 3T7 |
| Province/State: | Ontario |
| Legal Description: | PART LOT 20 PL 115 TWP OF YORK PARTS 3 & |
| Lot Size: | 71.00 x 303.50 (Feet) |
| Directions/Cross Streets: | St. Clair and Winona |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 21098.00 |
| Total Area Code: | Sq Ft |
| Area Influences: | Major Highway Subways |
| Soil Test: | Y |
| Sewers: | San+Storm |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SOLTANIAN REAL ESTATE INC. |
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|
Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Land |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Oakwood Village |
| Lot Size: | 71.00 x 303.50(Feet) |
| Tax: | $16,500 |
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