464-468 Winona Dr, Toronto MLS Number: C7401202
Oakwood Village, Toronto, ON, M6C 3T7$24,990,000
Status: For Sale
- Property Type: Commercial (Land)
- Property Taxes : $16868.19 (Tax Year:2023)
- Listing Courtesy : Forest Hill Real Estate Inc.
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$24,990,000
Status: For Sale
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.
Property Type | :Commercial |
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MLS Number | :C7401202 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :16 Jul, 2024 (114 Days ago) |
Source | :TRREB |
Area | :Toronto |
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Postal Code | : M6C 3T7 |
Price | : $24,990,000 |
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Property Taxes | :$16868.19 |
Tax Year | :2023 |
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Cross Street | :St. Clair and Winona |
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Fireplace/Stove | :No |
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16 Jul, 2024
TREB #C7401202
Available
$24990000.0
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