Description

Development opportunity within the heart of Toronto's west Roncesvalles community. A two adjacent lot site located just south of Bloor and Dundas with over 95 ft of "Major Street" frontage and situated on over 13,000 sq ft of land makes this property an ideal redevelopment potential for purpose built multi residential. Located within Toronto's newly implemented Major Streets initiative providing an as-of-right intensification, under the new performance standards, for up to 6 storeys and 60 units. This property is an ideal opportunity for any investors/developer looking to acquire a premium site for future development while at the same time benefiting from existing holding income. Currently the site consists oftwo residential properties-1. Legal 4 plex and 2. A single family detached home. Both properties combined have over 10,000 sq ft of living space with ample outdoor parking, strong financials and partially updated mechanicals and unit upgrades.