winona dr

0 Bedroom Real Estate has been listed for sale at 464 - 468 Winona Dr in Toronto for $6,999,999. Chat with a local expert, book a tour.

Toronto

Oakwood Vaughan

468 Winona Dr

464 - 468 Winona Dr, For Sale in Toronto - Zoocasa

Attention Builders and Developers! A Shovel Ready Power of Sale Opportunity! Zoned and Site Plan Approved For 16 Townhomes! A Rare Land Assembly with 2 separate lots 464 & 468 Winona Drive in the Heart Of Vibrant St. Clair West. Sold ""As Is"" With Plans. VTB Possible! (id:58753)

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, 000, 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:58753)

464 - 468 Winona Dr, Toronto, ON

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