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Earlscourt
151 ASCOT AVENUE
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151 ASCOT AVENUE $1,549,900
$1,549,900
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151 ASCOT AVENUE
Toronto (Corso Italia-Davenport), Ontario M6E1G5

MLS® Number: W12799232
5 + 1
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing Description

Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.* (42173713)

Location Description

Ascot and Harvie

Property Summary

Property Type
Single Family
Building Type
House
Storeys
2
Square Footage
1500 - 2000 sqft
Community Name
Corso Italia-Davenport
Title
Freehold
Land Size
36 x 120 FT
Annual Property Taxes
$5,980
Parking Type
Detached Garage, No Garage
Time on REALTOR.ca
8 days

Building

Bedrooms
Above Grade
5
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
All
Basement Type
Finished
Building Features
Foundation Type
Concrete
Style
Detached
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
Detached Garage, No Garage
Total Parking Spaces
9

Measurements

Square Footage
1500 - 2000 sqft

Land

Lot Features
Frontage
36 ft
Land Depth
120 ft
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ANDREW CONTI
Salesperson
905-607-2000
REALTOR® Website
Email
RE/MAX WEST REALTY INC.
Brokerage
10473 ISLINGTON AVE
KLEINBURG, Ontario L0J1C0
905-607-2000
905-607-2003
DAVID TUCCIARONE
Salesperson
905-607-2000
Email
RE/MAX WEST REALTY INC.
Brokerage
10473 ISLINGTON AVE
KLEINBURG, Ontario L0J1C0
905-607-2000
905-607-2003

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ANDREW CONTI