Nest Seekers

Rare Multi Residential Investment amp ; Development Opportunity in Toronto !

Toronto W01 M6R 2C6
Canada

Listing

Web ID:5782346
Website:https://www.nestseekers.com/5782346

Property

Ownership: For Sale
Type: Unknown
Rooms: 9
Bedrooms: 14 BR
Bathrooms: 7

Financials

Price:C4,300,000
($3,017,900)
(€2,682,600)
Annual Taxes:C8,501.81

Description

Rare Multi-Residential Investment & Development Opportunity in Toronto! Exceptional opportunity to acquire an established legal 7-unit multi-residential property with approved plans for Phase 2 development of an additional 5 residential units - offering the potential for a 12-unit multi-residential property upon completion. The existing building consists of 7 self-contained residential units, providing immediate rental income while offering significant value-add potential through the approved second phase. Ideally situated in the highly desirable Sorauren/Parkdale neighbourhood, steps to Sorauren Avenue Park and minutes to Roncesvalles Village, Queen Street West, TTC, shops, restaurants and everyday amenities. An outstanding opportunity for investors, developers and multi-residential operators to acquire an income-producing asset with a clear path for further intensification in a prime Toronto location. Existing 7 legal units + approved plans for 5 additional units - a truly unique investment and development opportunity.

Amenities

  • Built-In Oven
  • Carpet Free

Contact

Simcoe County, Ontario
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone: +1 905-851-9099
onadmin@nestseekers.com
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