298 Newton Drive, Toronto, ON M2M 2P8

Toronto C14 M2M 2P8 Ontario

MLS: C12024573

$3,998,800

Added 53 days ago | For Sale

Listed by: RE/MAX REALTRON BIJAN BARATI REAL ESTATE

About Property

Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers.

Features

  • House Style:Investment
  • Bathrooms:3
  • Land Size: 83.25 X 101.08
  • Water:Municipal
  • Garage Spaces: /In/Out
  • Driveway:
  • Heating Fuel:
  • Cross Street:Bayview Ave & Steeles Ave
  • Basement: ,
  • Possession Date:Immed/ 30 Days
  • Annual Property taxes: $7975
  • Bedrooms:
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:C12024573

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 info@housekarma.ca
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