298 Newton Drive, Toronto, Ontario M2M 2P8 (28035910)


LOADING

3 Bathroom 8,643 ft2
Fully Air Conditioned Forced Air

$3,998,800

Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers. (id:54662)

Property Details

MLS® Number C12024573
Property Type Business
Neigbourhood Newtonbrook East
Community Name Newtonbrook East
Farm Type Other
Features Irregular Lot Size
Parking Space Total 6

Building

Bathroom Total 3
Appliances Dishwasher, Hood Fan, Stove, Refrigerator
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 8643.41 Sqft
Size Interior 8,643 Ft2
Utility Water Municipal Water

Land

Acreage No
Size Depth 101 Ft
Size Frontage 83 Ft ,3 In
Size Irregular Bldg=83.25 X 101.08 Ft ; Slight Curve At The Corner
Size Total Text Bldg=83.25 X 101.08 Ft ; Slight Curve At The Corner
Zoning Description Residential/ Development Approval

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Bijan Barati
Broker of Record

(416) 222-8600
www.bijanbarati.com/

RE/MAX Realtron Bijan Barati Real Estate
183 Willowdale Ave #11
Toronto, Ontario M2N 4Y9

(416) 222-8600
(416) 222-1237