Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56,000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1,200,000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage. (id:59911)
MLS® Number | W12233250 |
Property Type | Vacant Land |
Neigbourhood | Thistletown-Beaumond Heights |
Community Name | Thistletown-Beaumonde Heights |
Size Interior | 55,613 Ft2 |
Utility Water | Municipal Water |
Acreage | No |
Size Depth | 78 Ft |
Size Frontage | 186 Ft ,5 In |
Size Irregular | 186.49 X 78 Ft ; Irregular |
Size Total Text | 186.49 X 78 Ft ; Irregular |
Zoning Description | Residential/commercial |
Lina Gueorguieva
Broker
(416) 391-3232
(416) 391-0319
www.rightathomerealty.com/
Tony Hubenov
Broker of Record
(647) 203-6265
(905) 851-6849
HTTP://www.tonyhubenov.com