Active

464-468 Winona Dr

Toronto Ontario, M6C 3T7

C$29,500,000


C$1,369.00 per sqft

Active

0.49 Acres

Land

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.

C9353710

MLS ID

October 2, 2024

Updated

Map

464-468 Winona Dr
Toronto Ontario, M6C 3T7

Exterior/Building Features

Lot Size

0.49 Acres


Sewer

SanStorm

Other Property Details

Area Name

Oakwood Village


Taxes

$16,500


Tax Frequency

Annually


Garage

No


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Zoning

RM

 

Courtesy of Listed by , SOLTANIAN REAL ESTATE INC.,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 2:06 AM UTC, 10/2/2024

 

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