$1,988,000
FOR SALE

Detached 2-Storey

Bedrooms: 5Bathrooms: 4Lot: 83.25 x 101.08 ft
2025 Taxes: $8,408

298 Newton Dr
Toronto, ON M2M 2P8 | Newtonbrook East

This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Feet Exposure On Bayview Ave and 83' on Newton Drive. It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City's Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the City. 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select **! 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!! 4) For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner! Whether You're Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, and Key Urban Amenities!! The Proposed Renderings are Attached
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Listed By RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C12953238
Last Updated May 09, 2026
Property Summary
Property Type Detached

More like this:
Legal Description PARCEL 48-1, SECTION M911 LOT 48, PLAN 66M911, SUBJECT TO EASEMENT IN FAVOUR OF THE BELL TELEPHONE COMPANY OF CANADA AS IN A83456 TWP OF YORK/NORTH YORK , CITY OF TORONTO
Possession Date 30 days/Immed
Taxes (2025) $8,408
Directions/Cross Streets Bayview Ave & Steeles Ave
Neighbourhood Newtonbrook East
Area Toronto
Price History

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Detailed Information
Fronting On North
Special Designations Unknown
Bedrooms 5
Bathrooms 4
Lot 83.25 x 101.08 ft
Exterior Brick
Air Conditioning Central Air
Basement Finished
Garage Type Built-In
Garage/Park Spaces Y
Parking Spaces 4
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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