Prime Redevelopment Opportunity in a Coveted NeighbourhoodPresenting an exceptional opportunity to acquire a substantial parcel of land at 5 & 7 Foxwarren Drive, currently featuring one building with two assigned street numbers. This property is ideal for demolition and redevelopment into a fourplex and a separate garden suite.Potential Redevelopment Plans:Main Building (Fourplex): Can be designed to accommodate four spacious units, each featuring over 2, 000 square feet with 3 bedrooms and 4 bathrooms. Includes the option to add an underground garage with a car lift for parking 6 vehicles.Garden Suite: A separate, two-level building with 3 bedrooms, 3 bathrooms, and a rooftop garden, covering approximately 1, 100 square feet.Key Features:Large Land Area: The property spans 7, 252 square feet, offering ample space for redevelopment.Versatile Design Potential: The existing building is currently furnished and decorated for 16 occupants, suitable for licensed short-term rentals or large families.Prime Location: Only 2.5 minutes walking distance to Bayview Shopping Mall and steps from the Subway Station.Cost Efficiency: No minor variance, committee of adjustment, or development fees required for the five legal units.Convenient Amenities: Proximity to shopping, dining, and public transportation.Immediate Rental Income: The seller will rent back the property for $7, 800 per month for one year, providing the perfect timeline for final design, city zoning permits, and building permits. This arrangement offers significant rental income, facilitating easier mortgage acquisition for the buyer.This property offers a rare combination of substantial land area, redevelopment potential, and a prime location. Seize the opportunity to design and build a high-yield investment in a desirable neighbourhood. EXTRAS This property is being sold for lot value only and Performa value. No interior showings will be available. A link to a YouTube video showcasing the house is provided. (id:55598)
- MLS® C8421362
- Date Listed06/09/2024
- Days on Realty 95 Days
- Bedrooms -
- Bathrooms 3 baths
- Lot Size -
- Sewer Other
- Subdivision Bayview Village
- Property Type Land
- Water Public
- Square Feet 7,252 sq. ft
- Price Per Sq. Ft $317.02
Interior Features
- Cooling Fully Air Conditioned
- Heating Forced Air, Natural Gas
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
87/100
Very Walkable
Walk Score ®
70/100
Excellent Transit
Transit Score ®
53/100
Bikable
Bike Score ®
Overview
Most errands can be accomplished on foot. Transit is convenient for most trips. Some bike infrastructure.Transit Summary
7 nearby routes: 6 bus, 1 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 63/100, Transit Score: 65/100, Bike Score: 49/100.
Points of interest near 5 & 7 FOXWARREN DRIVE, Toronto (Bayview Village), ON M2K1L1
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Frequently Asked Questions for 5 & 7 FOXWARREN DRIVE
Source: Realty.com
5 & 7 FOXWARREN DRIVE, Toronto (Bayview Village), ON M2K1L1 is a Land, Land property listed for $2,299,000 The property is 7252 sq. ft with - bedrooms and 3 bathrooms
Realty.com has 2 photos of 5 & 7 FOXWARREN DRIVE.
The full address for this home is 5 & 7 FOXWARREN DRIVE, Toronto (Bayview Village), ON M2K1L1.
5 & 7 FOXWARREN DRIVE has been listed on Realty.com since Sun June 09, 2024
Most errands can be accomplished on foot. Transit is convenient for most trips. Some bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 63/100, Transit Score: 65/100, Bike Score: 49/100.
Listing provided courtesy of:
ZEN HOME REALTY
(tel: (416) 218-0080)
Listing agent:
SHOREN KONSTANTIN
(tel: (416) 218-0080)
This content last refreshed on 2024-09-12 04:27:44. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 5 & 7 FOXWARREN DRIVE, Toronto (Bayview Village), ON M2K1L1 : MLS® C8421362