57 Westwood Avenue, Toronto E03, ON M4K 2A7

Toronto E03 M4K 2A7 Ontario

MLS: E12632770

$3,535,723

Added 14 days ago | For Sale

Listed by: SOTHEBY'S INTERNATIONAL REALTY CANADA

About Property

Pre-construction purpose-built rental development in East York. 57 Westwood Ave is a fully designed seven-plex (six-unit detached multiplex with a self-contained rear garden suite), offered as a fixed-price construction opportunity conditional on the builder obtaining Development Permit and Building Permit approval. The proposed building consists of a three storey plus basement configuration with a mix of studio and larger residential units, together with a separate two-bedroom garden suite located at the rear of the property. The project has been designed with energy-efficient construction and CMHC MLI Select underwriting considerations in mind, providing a potential pathway to insured take-out financing upon stabilization, subject to CMHC program requirements, scoring, debt service coverage, and lender approval. No representation or warranty is made regarding CMHC eligibility or financing terms. Located in a well-established East York neighbourhood with strong rental fundamentals, proximity to transit, parks, schools, and local amenities. Intended for build-to-hold investors seeking long-term rental income and cost certainty through a fixed-price construction structure. Architectural drawings and additional information available upon request. Appointment required before walking the site.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 30 X 110
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Broadview/Mortimer
  • Basement: ,
  • Possession Date:January 2027
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:E12632770

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