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464-468 Winona Drive Toronto (Oakwood Village), Ontario M6C 3T7
MLS# C11934192 - Buy this house, and I'll buy Yours*

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21098 sqft

$24,800,000

The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This project is perfectly aligned with the Multi-Unit CMHC approval process, offering an exceptional opportunity to secure the maximum 100 points in the MLI Select program. It's a once-in-a-lifetime chance to own a rental, retirement, or student housing property in the heart of Toronto's Midtown one of the city's hottest rental markets. A prime opportunity that forward-thinking developers are actively pursuing in Toronto's core neighborhoods NOW.This optimal utilization of the land is highly supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 , mirroring its value with respect to a rental building . According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year. The owner developer is willing to acquire the Site Plan Approval if the Buyer asks for it with an agreeable extra cost. Listing brokerage & Seller make no representation and/or warranties with respect to the Property Tax, Approvals etc. Buyer must conduct own Due Diligence to verify all information. **** EXTRAS **** Furthermore, feasibility studies and additional information will be provided for the buyer's Due Diligence once a confidentiality agreement is signed following the acceptance of the Conditional Agreement of Purchase and Sale. (id:51158)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number C11934192
Property Type Vacant Land
Community Name Oakwood Village
Amenities Near By Highway

About 464-468 Winona Drive, Toronto (Oakwood Village), Ontario


This For sale Property is located at 464-468 Winona Drive Vacant Land set in the community of Oakwood Village, in the City of Toronto (Oakwood Village). Nearby amenities include - Highway Vacant Land bedroom(s), bath(s) . 464-468 Winona Drive heating . This house features a Fireplace.

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This Toronto (Oakwood Village)

The Current price for the property located at 464-468 Winona Drive, Toronto (Oakwood Village) is $24,800,000 and was listed on MLS on :2025-01-21 20:00:49

Building

Size Interior 21098 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway
Size Depth 303 Ft ,6 In
Size Frontage 71 Ft
Size Irregular 71 X 303.5 Ft
Size Total Text 71 X 303.5 Ft
Zoning Description Rm
Schools

6 public & 6 Catholic schools serve this home. Of these, 7 have catchments. There are 2 private schools nearby.

Parks & Rec

4 tennis courts, 3 playgrounds and 11 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 1 min walk away. Rail transit stop less than 2 km away.

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