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$2,998,800
Available - For Sale
Listing ID: C12162735
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.
Price $2,998,800
Taxes: $7,975
Tax Type: Annual
Occupancy by: Vacant
Address: 298 Newton Driv , Toronto, M2M 2P8, Toronto
Postal Code: M2M 2P8
Province/State: Toronto
Legal Description: PARCEL 48-1, SECTION M911 LOT 48, PLAN 6
Directions/Cross Streets: Bayview Ave & Steeles Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Accommodation
Use: Other
Building Percentage: T
Total Area: 8,643.41
Total Area Code:  Square Feet
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTRON BIJAN BARATI REAL ESTATE

298 Newton Driv , Toronto, M2M 2P8, Toronto


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto C14
Neighbourhood: Newtonbrook East
Style:
Lot Size: x 101.08(Feet)
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Tax: $7,975
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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