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$ 2,950,000
Est. payment | /mo
8,869 SqFt
$ 2,950,000
Est. payment | /mo
8,869 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,869 sqft
Price per Sqft $332
Subdivision Islington-City Centre West
MLS Listing ID W12209172
Annual Tax Amount $9,150
Tax Year 2024
Property Sub-Type Land
Property Description
Strategic land opportunity in the heart of Etobicoke's rapidly intensifying Islington City Centre West. Prime corner lot measuring 67.48 ft by 131.43 ft (8,869 SF) offers immediate development potential in a high-demand residential market. Current application in progress for the construction of 7 luxury townhomes, with a total proposed gross floor area of 14,863 SF. Site Plan Approval expected to be granted by end of August 2025.Existing income on the property from the residential tenant in place offers the opportunity to investors or developers interested in pursuing a larger development, with as-of-right zoning allowing 6 storeys and up to 60 units subject to City approval .With an ideal balance of accessibility and suburban appeal, the site offers a turnkey development option with significant upside perfect for boutique and infill developers seeking value.
Location
Province ON
County Toronto
Community Islington-City Centre West
Area Toronto
Exterior
Utilities Available Yes
Lot Frontage 67.48
Lot Depth 131.43
Listed by COLLIERS
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