For sale

290 Sheppard Ave W

Lansing-Westgate, Toronto, Ontario

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Bedrooms

4

Bathrooms

3

Parking

8

Price

$2,888,000

MLS© ID

C8097970

Approx. Age

N/A

Listed Since

February 28th, 2024

Exterior

Brick,

Air Conditioning

Central Air

Heating

Forced Air

Pool

None

Type

Detached

Aprox. sq. footage

N/A

Taxes

$25,559

Style

Backsplit 3

Garage

Detached

Basement

Finished

Fireplace

Yes

Lot Size

50.06 x 125.16 Feet

DESCRIPTION

Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month

Extras: **Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**

Amenities & Features

Type: Detached

Features: Fenced Yard, Park, Place Of Worship, Public Transit,

Brokerage: RE/MAX REALTRON REALTY INC.

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