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.

MORE PHOTOS HERE:

www.newhoperealty.ca/ON/oakwood-village/m6c3t7/1000529830-MLS-C9353710-na-464-468-Winona-Dr

For More Information Call 613-777-8937 with the information below:
C9353710
464-468 Winona Dr
Toronto

Not interested in this one?? see more in the area below in the same range:

www.newhoperealty.ca/ON/oakwood-village/m6c3t7/1000529830-MLS-C9353710-na-464-468-Winona-Dr/similar








- This Ad is Not Intended to Solicit Clients Currently Under Contract -

Listing Office : SOLTANIAN REAL ESTATE INC.





- Not Intended to Solicit Clients Currently Under Contract -

Listing Office : SOLTANIAN REAL ESTATE INC.