464-468 WINONA DRIVE

Toronto (Oakwood Village)

,

Ontario

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:6355)

Listing ID: C9353710 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size: Land Size Total Text: 71 x 303.5 FT Land Size Irregular: 71 x 303.5 FT Building Size Interior: 21098 sqft Building Utility Water: Municipal water Building Heating Type: Building Cooling Type: Building Fixture: Land Sewer: Storage Type: Courtesy Of: SOLTANIAN REAL ESTATE INC. Basement:

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Community: Oakwood Village

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