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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