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$2,890,000
Est. payment /mo
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Subdivision Forest Hill South
MLS® Listing ID C13077024
Bedrooms 8
Appx SqFt 2500 - 3000
Property Description
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Attached Garage Yes
Total Parking Spaces 4
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by HOMELIFE NEW WORLD REALTY INC.
Nearby School & Business
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