464-468 Winona Drive, Toronto C03, ON M6C 3T7

  • $29,500,000
464-468 Winona Drive, Toronto C03, ON M6C 3T7
  • C9353710
  • MLS® Number
  • Land, Commercial
  • Property Type
  • 21098
  • Sqft
Active For Sale
464-468 Winona Drive, Toronto C03, ON M6C 3T7
464-468 Winona Drive, Toronto C03, ON M6C 3T7
  • $29,500,000

Description

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 highly supported by Toronto’s municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in midtown Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 in 2023, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year.

Details

MLS® Number
C9353710
Property Size
21098 Sqft
Updated on September 17, 2024 at 4:13 pm

Additional details

  • Utilities: Available
  • Sewer: Sanitary+Storm
  • County: Toronto
  • Property Type: Commercial Sale
  • Community Features: Major Highway,Subways

Address

  • Address 464-468 Winona Drive
  • City Toronto
  • State/county ON
  • Zip/Postal Code M6C 3T7

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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