Description
An outstanding opportunity to acquire a fully approved residential redevelopment site with a Gross Floor Area of 15,315 square feet. Located on a highly sought-after street and a 5 minute walk to the new Mt. Pleasant Subway Station and close to amenities, including Yonge Street, Eglinton, TTC transit, schools, parks, and more. The approved proposal includes the construction of a 4-storey, 14-unit residential apartment building, featuring 14 vehicular parking spaces and a Floor Space Index (FSI) of 1.43.All municipal and planning approvals have been secured. The offering consists of two fully tenanted residential properties, currently generating strong holding income on a month-to-month basis. The existing buildings include a legal triplex and a detached bungalow, together providing a total of four legal rental units. Properties are also being sold separately on MLS.
Location Description
Mount Pleasant & Eglinton Ave
Property Details
- Community: Mount Pleasant East
- Property Type: Tenant/Commercial
- Garages: Other
- Annual Property Taxes : $ 12777.6
Building Features
- Parking Type : Other
Features
- Sewer : Sanitary+Storm ,
- Cooling :
Listing Contracted With: BOSLEY REAL ESTATE LTD.
