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.
Overview
Property ID:
W12209172
Type:
Land
Square:
8,869 m²
Price:
$2,950,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Heating:
Unknown
ParkingFeatures:
Unknown
YearBuilt:
Unknown
TaxAnnualAmount:
9150.77
PossessionDetails:
Immediately
Map
-
AddressToronto W08
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