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Type: Land
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Property Type: Commercial
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Business Type: Residential
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Zoning: Residential
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Age: No Data
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Taxes: 14488.55
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MLS®#: C9510235
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Days on Site: 84 Days
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Added: Oct 24, 2024 (2 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: KELLER WILLIAMS REFERRED URBAN REALTY
Opportunity to acquire a fully approved development site for 6 freehold townhomes, each on separately deeded lots. The site comes with architectural drawings and detailed renderings, offering a turnkey solution for immediate development. Additionally, theres potential for higher density through further approvals, with current zoning already allowing up to 15 dwelling units as-of-right. Each townhome spans approximately 2,000 square feet, with an option to increase to 2,400 square feet by eliminating the garages, offering flexible design and space optimization. --> Cleared Site, eliminating the need for costly and time-consuming demolition --> No tenants to evict and no rental replacement requirements, streamlining the development process --> Development Charge Savings, 4 development credits due to the previous duplexes on-site. Build 6 townhomes while paying development charges for only 2 units. No development charges if the site is converted to three 5-unit multiplexes --> Spacious lot dimensions: 15.58m x 37.18m (511 x 1220) -- Vendor Take-Back Mortgage Available --> Zoned and Site Plan Approved, can go straight to building permits --> Additional Potential: Build up to 15 units as-of-right, with support for higher density with additional approvals --> Proximity to Financial District --> Growth area and is seeing substantial development, including new residential, commercial, and mixed-use projects that are transforming the neighbourhood and upcoming Ontario Line TTC Subway Station only a 10-minute walk, Toronto Metropolitan University and the University of Toronto nearby.
Extras
Included: Architectural drawings for 6 freehold townhomes with backyard and garage. 6 lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options. Possible to buy one row of townhouses (3/6 lots).
Property
Status: Sale
Type: Residential
Property Type: Land
Property Type: Designated
Area: Toronto
Community: Moss Park
Availability Date: Flexible
Utilities
Utilities: Available
Building
Water Supply: Municipal
Fees
Tax Year: 2024
Tax Legal Description: Lots 57 and 58, Plan 160
Taxes: $14,489
Taxes Type: Annual
Land
Cross Street: Parliament St / Dund
Municipality District: Toronto C08
Parcel Number: 210900463
Sewer: San+Storm
Lot Depth: 120.25 Feet
Lot Frontage: 51.34 Feet
Zoning: Residential
Commercial Specific
Total Area: 6173.64
Total Area Metric: Sq Ft
Area Influence: Public Transit
Area Influence: Subways
Lot Code: Lot
St Paul Catholic School
Elementary: CatholicÉcole élémentaire Gabrielle-Roy
Elementary: PublicSprucecourt Junior Public School
Elementary: PublicNelson Mandela Park Public School
Elementary: PublicWinchester Junior and Senior Public School
Elementary: PublicLord Dufferin Junior and Senior Public School
Elementary: PublicMsgr Fraser College (St. Martin Campus)
Secondary: CatholicNative Learning Centre
Secondary: PublicInglenook Community School
Secondary: PublicSt Michael's Choir (Sr) School
Secondary: CatholicCollège français secondaire
Secondary: PublicJarvis Collegiate Institute
Secondary: Public
- 0 bath
- 0 bed
510 Danforth Avenue, Toronto, Ontario • M4K 1P6 • Playter Estates-Danforth
