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$2,888,000
Available - For Sale
Listing ID: C8097972
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month
Extras:   **Zoning Amendment Application Has Been APPROVED By City Council For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Price $2,888,000
Minimum Rental Term: 0
Maximum Rental Term: 0
Taxes: $25,558.54
Tax Type: Annual
Assessment Year: 2023
Occupancy by: Tenant
Address: 290 Sheppard Ave West , Toronto, M2N 1N5, Ontario
Postal Code: M2N 1N5
Province/State: Ontario
Lot Size: 50.06 x 125.16 (Feet)
Directions/Cross Streets: Yonge/Sheppard/Bathurst
Zoning: COMMERCIAL
Category: Office
Building Percentage: Y
Total Area: 6,264.59
Total Area Code:  Sq Ft
Area Influences: Public Transit   Subways
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
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.
RE/MAX REALTRON REALTY INC.

290 Sheppard Ave West , Toronto, M2N 1N5, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Toronto
Municipality: Toronto
Neighbourhood: Lansing-Westgate
Style:
Lot Size: 50.06 x 125.16(Feet)
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Tax: $25,558.54
Maintenance Fee: $0
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