$1,688,000
FOR SALE

Land

Lot: 55 x 120 ftTotal Area: 6,600 ft2
2024 Taxes: $5,709.97

38 Cresthaven Dr E
Toronto, ON M2H 1M1 | Hillcrest Village

Attention builders and developers! Incredible opportunity. Income Property $5,500 monthly rental income + Paid Utilities. Ideal for easider Mortgage approval with existing income to qualify for a mortgage to buy now before prices are up to the roof, refinance after the mortgage rates are much down later in 2025. Can build 3 units, each with their own civic address: 1 Tristan Cres, 36 & 38 Cresthaven Drive (without severence). Rebuild 3 units incl. garden suite on sloped lot, setback is less than current building's widest area. Prime location with new mansions nearby. Act fast! Huge Potential in North York, Toronto. Ideal for families or investors not currently qualified for conventional mortgage with assumption of tenancy & high rental income. Conveniently located near top-rated schools & Seneca College. Don't miss out on this value-packed easy mortgage qualifier property / redevelopment opportunity in a sought-after neighborhood! Tenant might leave with 30 days notice! Charming, fully renovated 3+2 Bdrm (5 bedrooms in total on two floors), 4 Bath side-split with the largest deck in town & amazing outdoor space, ideal for entertaining. Rented fully furnished! Don't miss out! Very motivated Realtor Seller!
Extras
If rebuild, a corner lot with 3m Cresthaven setback, exceeding current wall width enabling a large build of 39.25ft width, typical luxury dimensions when building it facing Tristan CRES. Sold last time in Aug. 2017 (MLS No. C3764302).
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Listed By ZEN HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8228184
Last Updated Apr 18, 2024
Property Summary
Property Type Land

More like this:
Use Residential
Category Designated
Legal Description PLAN M1030 L 218
Occupancy Tenant
Possession Date May 15, 2024
Taxes (2024) $5,709.97
Tax Type Annual
Directions/Cross Streets Leslie & Finch
Neighbourhood Hillcrest Village
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Lot 55 x 120 ft
Total Area 6,600 ft2
Sewers Sanitary
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Residential
Seller Property Info Statement N

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