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$19,900,000
Available - For Sale
Listing ID: C7401202
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 now absolutely supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis.Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been recently Appraised at $25,100,000 in as-is condition, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building can generate over $5,000,000 Rental Income per year.
Extras:   Furthermore, feasibility studies and additional information will be provided to the prospective buyer once a confidentiality agreement is signed following the acceptance of the Agreement of Purchase and Sale.
Price $19,900,000
Taxes: $16,868.19
Tax Type: Annual
Occupancy by: Vacant
Address: 464-468 Winona Dr , Toronto, M6C 3T7, Ontario
Postal Code: M6C 3T7
Province/State: Ontario
Legal Description: PART LOT 20 PL 115 TWP OF YORK PARTS 3 &
Lot Size: 71 x 303.5 (Feet)
Directions/Cross Streets: St. Clair And Winona
Zoning: RM
Category: Designated
Use: Residential
Total Area: 21,098
Total Area Code:  Sq Ft
Soil Test: Y
Sewers: San+Storm
Water: Municipal
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
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First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
FOREST HILL REAL ESTATE INC.

464-468 Winona Dr , Toronto, M6C 3T7, Ontario


 
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At a Glance:
Type: Com - Land
Area: Toronto
Municipality: Toronto
Neighbourhood: Oakwood Village
Style:
Lot Size: 71.00 x 303.50(Feet)
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Tax: $16,868.19
Maintenance Fee: $0
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