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464-468 WINONA DRIVE, Toronto (Oakwood Village)
2024-09-17
Quick Summary
- Location
- 464-468 WINONA DRIVE, Toronto (Oakwood Village), Ontario M6C3T7
- Price
- $29,500,000
- Status:
- For Sale
- Property Type:
- Vacant Land
- Area:
- 21098ft2
MLS®#C9353710
Property Description
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. (id:32467)
Property Features
Ammenities Near By
- Ammenities Near By: Highway
Building
- Fireplace: No
- Interior Size: 21098 sqft
- Utility Water: Municipal water
Land
- Land Size: 71 x 303.5 FT
Zoning
- Description: RM
Information entered by SOLTANIAN REAL ESTATE INC.
Listing information last updated on: 2024-09-17 17:14:30
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
Savings calculated using One Percent Realty's posted commission rates compared to another agent charging
5% + HST . Not all agents charge the same.
One Percent Realty's top FAQs
We charge a total of $7,950 for residential properties under $400,000. For residential properties $400,000-$900,000 we charge $9,950. For residential properties over $900,000 we charge 1% of the sale price plus $950. Plus Applicable taxes, of course. We also offer the flexibility to offer more commission to the buyer's agent, if you want to. It is as simple as that! For commercial properties, farms, or development properties please contact a One Percent agent directly or fill out the market evaluation form on the bottom right of our website pages and a One Percent agent will get back to you to discuss the particulars.
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