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464-468 Winona Drive
Oakwood-Vaughan Toronto M6C 3T7

$29,500,000 /For Sale
Commercial

Main Photo: 464-468 Winona Drive in Toronto: Oakwood-Vaughan Property for sale (Toronto C03)  : MLS®# C9353710
Photo 1: 464-468 Winona Drive in Toronto: Oakwood-Vaughan Property for sale (Toronto C03)  : MLS®# C9353710
Photo 2: 464-468 Winona Drive in Toronto: Oakwood-Vaughan Property for sale (Toronto C03)  : MLS®# C9353710
Status:
Active
Prop. Type:
Commercial
MLS® Num:
C9353710
Bus Major:
Residential
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.
St. Clair and Winona
Property Type:
Commercial
Commercial Type:
Land
Depth:
303'6"
Frontage:
71'
Total Area:
21,098 sq. ft.
Zoning:
RM
Possession Details:
TBD
Taxes:
$16,500 / 2023
Assessment:
$- / -
Utilities:
A
Water supply:
Municipal
Sewer:
San+Storm
Seller Property Info Statement:
No
Log/Bldg/Unit Code:
Lot
Soil Test:
Yes
Survey Available:
Yes
Type Taxes:
Annual
Category:
Designated
Major Business Type:
Residential
Date Listed:
Sep 17, 2024
  • Photo 1: 464-468 Winona Drive in Toronto: Oakwood-Vaughan Property for sale (Toronto C03)  : MLS®# C9353710
    Photo 1 of 2
  • Photo 2: 464-468 Winona Drive in Toronto: Oakwood-Vaughan Property for sale (Toronto C03)  : MLS®# C9353710
    Photo 2 of 2
Listed by SOLTANIAN REAL ESTATE INC.
Data was last updated November 1, 2024 at 03:55 AM (UTC)
WEI WANG