298 Newton Drive Toronto, Ontario M2M 2P8
$3,998,800
Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers. (id:47351)
Property Details
| MLS® Number | C12024573 |
| Property Type | Business |
| Neigbourhood | Newtonbrook East |
| Community Name | Newtonbrook East |
| Farm Type | Other |
| Features | Irregular Lot Size |
| Parking Space Total | 6 |
Building
| Bathroom Total | 3 |
| Appliances | Dishwasher, Hood Fan, Stove, Refrigerator |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Exterior | 8643.41 Sqft |
| Size Interior | 8,643 Ft2 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 101 Ft |
| Size Frontage | 83 Ft ,3 In |
| Size Irregular | Bldg=83.25 X 101.08 Ft ; Slight Curve At The Corner |
| Size Total Text | Bldg=83.25 X 101.08 Ft ; Slight Curve At The Corner |
| Zoning Description | Residential/ Development Approval |
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March 19 2025 03:14:11
Toronto Regional Real Estate Board
RE/MAX Realtron Bijan Barati Real Estate