464-468 Winona Drive, Toronto | Image 1

464-468 Winona Drive

Toronto, Oakwood Village

  • Commercial

$29,500,000
For Sale

Added 2 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: RM

  • Age: No Data

  • Taxes: 16500

  • MLS®#: C9353710

  • Added: Sep 17, 2024 (2 months ago)

  • Updated:

  • Last Checked: 5 hours ago

  • Listed By: SOLTANIAN REAL ESTATE INC.

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.

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Toronto

  • Community: Oakwood Village

  • Availability Date: TBD

Utilities

  • Utilities: Available

Building

  • Water Supply: Municipal

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART LOT 20 PL 115 TWP OF YORK PARTS 3 & 4, PLAN 66R26535, TORON

  • Taxes: $16,500

  • Taxes Type: Annual

Land

  • Cross Street: St. Clair and Winona

  • Municipality District: Toronto C03

  • Sewer: San+Storm

  • Lot Depth: 303.5 Feet

  • Lot Frontage: 71 Feet

  • Zoning: RM

Commercial Specific

  • Total Area: 21098

  • Total Area Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Subways

  • Lot Code: Lot

  • Survey: Y

  • Soil Test: Y

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Map of 464-468 Winona Drive, Toronto
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