298 Newton Drive, Toronto, Ontario M2M 2P8

Listed for:
$3,998,800
0 beds
3 baths
Listed 13 days ago
298 Newton Drive, Toronto, Ontario M2M 2P8

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Listing provided by:
RE/MAX REALTRON BIJAN BARATI REAL ESTATE
MLS® number:
C12024573
Agent:
Bijan Barati
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About

Bayview Ave & Steeles Ave 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:27476)

Property Highlights

MLS® Number
C12024573
Type
Business
Community Name
Newtonbrook East
Land Size
Bldg=83.25 x 101.08 FT ; Slight curve at the corner
Parking Space Total
6

Building

Square Footage
8643.41 sqft
Bathrooms Total
3
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location