Attention Investors, Developers amp ; Builders.
Toronto C03 M5P 2X5
Canada
Listing
| Web ID: | 5763198 |
|---|---|
| Website: | https://www.nestseekers.com/5763198 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 8 BR |
| Bathrooms: | 4 |
Financials
Price:C4,500,000
($3,180,600)
(€2,793,700)
Annual Taxes:C16,082.84
Description
Attention Investors, Developers & Builders. An extraordinary opportunity in one of Toronto's most coveted neighbourhoods, Forest Hill South. Ideally positioned within a Priority Major Transit Station Area, this exceptional property offers significant future residential intensification potential. Set on a sprawling 60 ft x 293 ft lot, the property is uniquely positioned overlooking Toronto's famed Beltline Trail, with frontage on a designated major street supporting increased density. Development precedent has already been established on the street, with neighbouring properties successfully permitted for redevelopment. 783 Spadina offers a rare opportunity to acquire a 60-foot-wide parcel with exceptional depth, located within approximately 200 metres of the Caplin LRT Station, Eglinton shops, parks, top-ranked schools, transit and first class amenities. Currently configured as a turn-key legal fourplex, the property features four renovated 2-bedroom, 1-bathroom suites, along with garage and surface parking. This provides immediate income potential while allowing investors to explore the property's longer-term redevelopment possibilities. A rare opportunity to secure a substantial development parcel in a highly sought-after Toronto neighbourhood-an ideal hold today with the potential to create a generational long term investment. Don't Miss Out!

