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
Property Type:
Freehold
Freehold Type:
Detached
Home Style:
Backsplit 3
Depth:
125'2"38.149 m
Frontage:
50'1"15.258 m
Exposure:
North
Bedrooms:
4
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
1
Rooms:
8
Zoning:
COMMERCIAL
Heating type:
Forced Air
Heating Fuel:
Gas
Basement:
Finished, Full
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2
Parking Spaces:
6
Total Parking Spaces:
8
Driveway:
Private
Family Room:
N
Possession Details:
TBD
Link:
No
Taxes:
$25,558.54 /
2023
Assessment:
$- /
-
Floor
Ensuite
Pieces
Other
2nd
-
3
Main
-
2
Bsmt
-
3
Fenced Yard, Park, Place Of Worship, Public Transit
Lansing-Westgate
**Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Data was last updated June 27, 2024 at 03:55 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$2,099,000
Min list price:
$999,990
Max list price:
$14,998,000
Avg days on market:
48
Min days on market:
2
Max days on market:
131
These statistics are generated based on the current listing's property type
and located in
Lansing-Westgate. Average values are
derived using median calculations.