38 Cresthaven Drive East, Toronto | Image 1

38 Cresthaven Drive East

Toronto, Hillcrest Village

  • Commercial

$1,688,000
For Sale

Added 5 days ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: Residential

  • Age: No Data

  • Taxes: 5709.97

  • MLS®#: C8228184

  • Days on Site: 5 Days

  • Added: Apr 12, 2024 (5 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: ZEN HOME REALTY

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! MUST assume the tenant who is very flexible! Charming, fully renovated 3+2 Bdrm, 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).

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Toronto

  • Community: Hillcrest Village

  • Availability Date: May 15, 2024

Utilities

  • Utilities: Yes

Building

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: PLAN M1030 L 218

  • Taxes: $5,710

  • Taxes Type: Annual

Land

  • Cross Street: Leslie & Finch

  • Municipality District: Toronto C15

  • Sewer: Sanitary

  • Lot Depth: 120 Feet

  • Lot Frontage: 55 Feet

  • Zoning: Residential

Commercial Specific

  • Total Area: 6600

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

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Car-Dependent

  • Almost all errands require a car.
22 /100

Good Transit

  • Some errands can be accomplished by public transportation.
64 /100

Bikeable

  • Some errands can be accomplished on bike.
65 /100
Map of 38 Cresthaven Drive East, Toronto
JK-8

Holy Redeemer Catholic School

Elementary: Catholic
1.05 km
6-8

Don Valley Middle School

Elementary: Public
1.14 km
6-8

Zion Heights Middle School

Elementary: Public
0.65 km
JK-5

Cresthaven Public School

Elementary: Public
0.08 km
JK-6

Crestview Public School

Elementary: Public
1.08 km
JK-6

Cliffwood Public School

Elementary: Public
0.97 km
9-12

North East Year Round Alternative Centre

Secondary: Public
2.03 km
9-12

Msgr Fraser College (Northeast)

Secondary: Catholic
1.05 km
9

Pleasant View Junior High School

Secondary: Public
2.62 km
9-12

St. Joseph Morrow Park Catholic Secondary School

Secondary: Catholic
2.53 km
9-12

Georges Vanier Secondary School

Secondary: Public
1.88 km
9-12

A Y Jackson Secondary School

Secondary: Public
0.86 km

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