298 Newton Drive Toronto (Newtonbrook East), Ontario M2M 2P8
$1,988,000
This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Ft Exposure On Bayview Ave and 83' on Newton Drive, It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City's Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the City. 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select ** 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!!4) 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. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner!Whether You're Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, All Amenities, and Key Urban!! The Proposed Renderings are Attached (id:43681)
房源概要
| MLS® Number | C12953274 |
| 房源类型 | Vacant Land |
| 社区名字 | Newtonbrook East |
| 设备类型 | 热水器 |
| 特征 | Irregular Lot Size |
| 总车位 | 6 |
| 租赁设备类型 | 热水器 |
详 情
| 浴室 | 3 |
| 家电类 | 洗碗机, Hood 电扇 |
| 空调 | 全物业配备空调 |
| 供暖方式 | 天然气 |
| 供暖类型 | 压力热风 |
| Size Exterior | 8643.41 Sqft |
| 内部尺寸 | 8643 Sqft |
| 设备间 | 市政供水 |
土地
| 英亩数 | 无 |
| 土地深度 | 101 Ft |
| 土地宽度 | 83 Ft ,3 In |
| 不规则大小 | Bldg=83.25 X 101.08 Ft ; Slight Curve At The Corner |
| 规划描述 | 住宅/ Development Approval |
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Toronto Real Estate Board
RE/MAX Realtron Bijan Barati Real Estate
May 09 2026 10:03:07
