An exceptional opportunity to acquire a prime corner property on the prestigious Danforth Avenue, one of Toronto's premier arterial roads that run parallel to the most populous Green Subway Line. Located just a short walk from Victoria Park Subway Station, this site is perfectly positioned to cater to high-demand tenancy. This site comes with a Committee of Adjustment approval for a seven-Storey, 25-unit building, offering excellent potential for tenancy in a high-demand area. Additionally, the property presents the potential for an eight-Storey development accommodating up to 44 units, maximizing its value and returns. Located in the heart of Scarborough, this high-yielding site is ideal for a range of development opportunities. Seize this rare chance to invest in a versatile and strategically located property. **EXTRAS** This property also offers the possibility of assembly with adjacent lots, creating an opportunity for larger-scale development projects.
MLS# | E11176681 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 144 |
Listing Provided By | CENTURY 21 TITANS REALTY INC. | E11176681 112100 |
SQ Feet | 6,254 |
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Acreage | 0.14 |
Province | ON |
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County | Toronto |
City | Toronto E06 |
Postal Code | M1L 1C2 |
Area | Oakridge |
Listing VS Median (In M1L 1C2) | |
Price: $1 low | high Med: $3,300 SqFt: 6,254 low | high Med: 848 $ / SqFt: $0 low | high Med: $4 On site: 144 low | high Med: 56.000000 |