Description
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
Location Description
Bathurst And St. Clair
Property Details
- Community: Forest Hill South
- Property Type: Tenant/Residential Freehold
- Bedrooms: 8
- Bath: 4
- Garages: Attached
- Annual Property Taxes : $ 10429.02
Building Features
- Foundation Type: Unknown
- Counstruction Material : Brick
- Total Parking Space : 4
- Parking Type : Attached
Features
- Heating : WaterGas
- Sewer : Sewer ,
Listing Contracted With: HOMELIFE NEW WORLD REALTY INC.
