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464-468 WINONA DRIVE
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464-468 WINONA DRIVE $29,500,000
$29,500,000
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464-468 WINONA DRIVE
Toronto (Oakwood Village), Ontario M6C3T7

MLS® Number: C9353710

Listing Description

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. (36784374)

Location Description

St. Clair and Winona

Property Summary

Property Type
Vacant Land
Community Name
Oakwood Village
Land Size
71 x 303.5 FT
Annual Property Taxes
$16,500
Time on REALTOR.ca
65 days

Building

Utilities
Water
Municipal water
Business
Business Type
Residential (Residential)
Neighbourhood Features
Amenities Nearby
Highway

Measurements

Square Footage
21098 sqft

Land

Lot Features
Frontage
71 ft
Land Depth
303 ft ,6 in
Other Property Information
Zoning Description
RM
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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