$1,150,000
Available - For Sale
Listing ID: C12676254
571 Oakwood Avenue , Toronto, M6E 2X6, Toronto
| ***ATTENTION BUILDERS & INVESTORS*** Prime multi-unit development opportunity at 571 Oakwood Ave in the heart of vibrant Oakwood Village. Committee of Adjustment approved site for a 3-storey, 10-unit residential multiplex with 6 rooftop terraces, offering approx. 6,500 sq ft GFA on an 82' x 20' building footprint. Situated on a 25' x 110' lot along a major street within an MTSA, this property benefits from exceptional transit access with bus service at the door, a 3-minute walk to the Oakwood LRT station, and an 11-minute walk to Eglinton West subway station, plus close proximity to schools, parks, library, shops, and community amenities. Survey and committee-approved plans available, with all documentation to date to be provided by the seller. Site is shovel-ready, requiring only building permit submission. For savvy developers, there may be potential to pursue additional as-of-right density under the City of Toronto's evolving housing policies. Current designs project an estimated NOI of $232,500/year upon completion. A rare opportunity to deliver a mid-rise residential project in a high-demand, transit-oriented west-end location. |
| Price | $1,150,000 |
| Taxes: | $3845.84 |
| Tax Type: | Annual |
| Occupancy: | Vacant |
| Address: | 571 Oakwood Avenue , Toronto, M6E 2X6, Toronto |
| Postal Code: | M6E 2X6 |
| Province/State: | Toronto |
| Legal Description: | LT 54 PL 1637 TWP OF YORK; TORONTO (YORK |
| Directions/Cross Streets: | Eglinton & Oakwood |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Designated |
| Use: | Residential |
| Building Percentage: | T |
| Total Area: | 600.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 1 |
| Sewers: | Sanitary+Storm |
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| ELEVATE REALTY INC. |
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At a Glance:
| Type: | Com - Land |
| Area: | Toronto |
| Municipality: | Toronto C03 |
| Neighbourhood: | Oakwood Village |
| Tax: | $3,845.84 |
| Baths: | 1 |
| Fireplace: | N |
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