Annex Condos For Sale
View the MLS listings from brokers participating in the National Shared Pool of listings for houses, single-family detached homes, properties and real estate for sale in the Annex area of Toronto, ON. Not all Annex properties are displayed as some brokers do not participate so call us at 416-222-0025 for a complete list or to view any of these listings.Listing Details
Return to Search Result464-468 WINONA DR - MLS® # C7401202
Property Details
Description
The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This optimal utilization of the land is now absolutely supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis.Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been recently Appraised at $25,100,000 in as-is condition, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building can generate over $5,000,000 Rental Income per year. **** EXTRAS **** Furthermore, feasibility studies and additional information will be provided to the prospective buyer once a confidentiality agreement is signed following the acceptance of the Agreement of Purchase and Sale. (id:2469)
Listing Provided By
FOREST HILL REAL ESTATE INC.
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- Doriana Zohil-Morton, Broker of Record/Owner
- 416-222-0025
- 416-222-0025
- 1-877-239-0025
- dorizohil@macsuites.ca
- MAC Real Estate Services Inc., Brokerage
- 9 Hyde Park Circle
- Toronto, ON
- M3B 3N4