Active
464-468 WINONA DRIVE
Toronto (Oakwood Village) Ontario, M6C3T7
C$29,500,000
Active
Land
Courtesy of SOLTANIAN REAL ESTATE INC.
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. **** 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. (id:41202)
C9353710
MLSⓇ ID
November 12, 2024
Updated
Map
464-468 WINONA DRIVE
Toronto (Oakwood Village) Ontario, M6C3T7
Other Property Details
Association Amenities
Highway
Garage
No
View
No
Pool
No
Courtesy of SOLTANIAN REAL ESTATE INC.
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