An exceptional opportunity to acquire a prime corner property on the prestigious Danforth Avenue, one of Toronto's premier arterial roads that run parallel to the most populous Green Subway Line. Located just a short walk from Victoria Park Subway Station, this site is perfectly positioned to cater to high-demand tenancy. This site comes with a Committee of Adjustment approval for a seven-Storey, 25-unit building, offering excellent potential for tenancy in a high-demand area. Additionally, the property presents the potential for an eight-Storey development accommodating up to 44 units, maximizing its value and returns. Located in the heart of Scarborough, this high-yielding site is ideal for a range of development opportunities. Seize this rare chance to invest in a versatile and strategically located property. **EXTRAS** This property also offers the possibility of assembly with adjacent lots, creating an opportunity for larger-scale development projects. (id:47421)
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Detailed Information
Lot
50 x 125.08 ft
Listing Contract Date
2024-11-25
Location Description
Danforth Ave. and Victoria Park Ave.
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
CR3.5(c3.5;r3*811)
Building
Cooling Type
Partially air conditioned
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
50.07 x 125.11 FT
Size of Irregular Land
50.07 x 125.11 FT
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