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$ 2,998,800
Est. payment /mo
Active
298 Newton DR Toronto C14, ON M2M 2P8
3 Baths
8,643 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,643 sqft
Price per Sqft $346
Subdivision Newtonbrook East
MLS Listing ID C12162735
Annual Tax Amount $7,975
Tax Year 2024
Property Sub-Type Investment
Property Description
Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers.
Location
State ON
County Toronto
Community Newtonbrook East
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 83.25
Lot Depth 101.08
Listed by RE/MAX REALTRON BIJAN BARATI REAL ESTATE