290 Sheppard Avenue West, Toronto | Image 1

290 Sheppard Avenue West

Toronto, Lansing-Westgate

  • Commercial

$2,888,000
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: COMMERCIAL

  • Age: No Data

  • Taxes: 25558.54

  • MLS®#: C8097972

  • Days on Site: 28 Days

  • Added: Feb 28, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX REALTRON REALTY INC.

Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month

Extras

**Zoning Amendment Application Has Been APPROVED By City Council For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Office

  • Area: Toronto

  • Community: Lansing-Westgate

  • Availability Date: TBD

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: Double Detached

Fees

  • Tax Year: 2023

  • Taxes: $25,559

  • Taxes Type: Annual

Land

  • Cross Street: Yonge/Sheppard/Bathu

  • Municipality District: Toronto C07

  • Parcel Number: 101460396

  • Lot Depth: 125.16 Feet

  • Lot Frontage: 50.06 Feet

  • Zoning: COMMERCIAL

Commercial Specific

  • Total Area: 6264.59

  • Total Area Metric: Sq Ft

  • Area Influence: Public Transit

  • Area Influence: Subways

  • Lot Code: Lot

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Car-Dependent

  • Most errands require a car.
32 /100

Excellent Transit

  • Most errands can be accomplished by public transportation.
72 /100

Somewhat Bikeable

  • Most errands require a car.
48 /100
Map of 290 Sheppard Avenue West, Toronto
7-8

Cardinal Carter Academy for the Arts

Elementary: Catholic
1.36 km
1-8

Claude Watson School for the Arts

Elementary: Public
1.48 km
JK-5

Cameron Public School

Elementary: Public
0.56 km
JK-5

Churchill Public School

Elementary: Public
1.36 km
6-8

Willowdale Middle School

Elementary: Public
1.23 km
JK-8

St Edward Catholic School

Elementary: Catholic
1.08 km
Pre-Grade 9-12

Drewry Secondary School

Secondary: Public
3.17 km
9-12

ÉSC Monseigneur-de-Charbonnel

Secondary: Catholic
3.08 km
9-12

Cardinal Carter Academy for the Arts

Secondary: Catholic
1.36 km
9-12

Loretto Abbey Catholic Secondary School

Secondary: Catholic
2.26 km
9-12

Northview Heights Secondary School

Secondary: Public
2.46 km
9-12

Earl Haig Secondary School

Secondary: Public
1.93 km

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