464-468 Winona Dr

Toronto C03 | Oakwood Village | M6C 3T7
  • 21098.0 sqft
  • 0 gar

$29,500,000

Est. Mtg $100,029 /mo
  • Days on market

    20

  • Status

    A

Listing Broker SOLTANIAN REAL ESTATE INC.
Since listed: 0 views

Home details

MLS #:

C9353710

Property type:
Land
Style:
Taxes:
$16,500
Possession:
TBD
Condo Fee:
Lot Size:
71.0 X 303.5
Zoning:
RM
Use:
Residential
Heat:

Description


464-468 Winona Dr, , Toronto, Ontario is a Land property in Toronto C03 and in the Oakwood Village community in the M6C 3T7 postal code


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..



Payment calculator

$101404 monthly. In association with: TD Bank
%
  • Principal and Interest
    100029 /mo
  • Property Taxes
    $1375 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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