$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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Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
SOLTANIAN REAL ESTATE INC.
Personal Picture
Sharon Soltanian
Broker Of Record
Dir:
416-892-0188
Bus:
416-901-8881
 
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At a Glance:
Type: Com - Land
Area: Toronto
Municipality: Toronto
Neighbourhood: Oakwood Village
Style:
Lot Size: 71.00 x 303.50(Feet)
Approximate Age:
Tax: $16,500
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
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