$3,799,000 $20,394 est/mo Sourced by Back At You

1122 Islington Avenue,Toronto W08, ON M8Z4S2

Toronto W08 ON, M8Z4S2

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Description

This exciting development opportunity in the desirable area of Etobicoke currently has an application to build 7 townhouses, with a total buildable gross floor area of 14,863 square feet. Site plan approval for this 7-townhouse proposal is estimated to be completed in the Fall of 2024. If you're looking for a larger project, consider the potential for a 6-storey, up to 60-unit mid-rise building, by right, under the City of Toronto's ""Major Streets"" Zoning By-Law Amendment initiative. This 67.48 ft by 131.43 corner is situated between luxury townhouse developments by Plaza to the North and Dunpar South. Developers have been taking notice of the demand for high-end homes in this pocket for decades. The top-notch location offers easy access to all the amenities, including numerous parks, transit options, schools, shopping centers, and restaurants. The 1557 sq ft detached home is currently used as a short-term rental, which could provide income while applying for building permits. Transit is at the front door with a short trip to the Bloor Subway line and it's just minutes to the Gardiner. Directly to the South of the site is the Islington Parkette, which will provide additional privacy between the proposed properties and the Dunpar development. The area provides a perfect mix of urban convenience and suburban charm. **** EXTRAS **** Do not walk the lot without appointment, the property is used for short term rental. (id:374)

Details

MLS#W9006672
Listing TypeFor Sale
StatusActive
Days On Site12
Listing Provided ByKELLER WILLIAMS REAL ESTATE ASSOCIATES | SIMON THAM

Features

Bed(s)4
Bath(s) 2 Total
BasementY
Story(s)1
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 CREA. All Rights Reserved.

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Listings Checked: 1 minute ago
ProvinceON
CityToronto W08
Postal CodeM8Z4S2
Listing VS Median (in M8Z4S2)
Price:
$3,799,000
low | high
Med:
$3,799,000
50% of Average
On Site:
12
low | high
Med:
12.000000
100% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 3:49:55 PM PDT