$29,500,000

FOR SALE

Land

Lot: 71 x 303.5 ftTotal Area: 21,098 ft²
2023 Taxes: $16,500

464-468 Winona Dr
Toronto, ON M6C 3T7 | Oakwood Village

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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.

Extras

Furthermore, feasibility studies and additional information will be provided for the buyer's Due Diligence once a confidentiality agreement is signed following the acceptance of the Conditional Agreement of Purchase and Sale.

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Listed By	SOLTANIAN REAL ESTATE INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	C9353710
Last Updated	Sep 17, 2024

Property Summary

Property Type	Land More like this: Toronto Land for Sale
Use	Residential
Category	Designated
Legal Description	PART LOT 20 PL 115 TWP OF YORK PARTS 3 & 4, PLAN 66R26535, TORONTO (YORK) TOGETHER WITH AN EASEMENT OVER PART LOT 20 PL 115 PARTS 1 & 2, 66R26535 AS IN AT5005921 CITY OF TORONTO and PT LT 20 PL 115 TWP OF YORK AS IN CY643901,
Occupancy	Owner
Possession Date	TBD
Taxes (2023)	$16,500
Tax Type	Annual
Directions/Cross Streets	St. Clair and Winona
Neighbourhood	Oakwood Village
Area	Toronto

Price History

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Detailed Information

Lot	71 x 303.5 ft
Total Area	21,098 ft2
Area Influences	Major Highway, Subways
Soil Test	Y
Sewers	San+Storm
Utilities	A
Water	Municipal
Survey	Y
Lot/Bldg/Unit Code	Lot
Zoning	RM
Seller Property Info Statement	N

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