April 15, 2024  

$2,888,000

For Sale
 
MLS® No:
C8097972
Intersection:
Yonge/Sheppard/Bathurst
Community:
Lansing-Westgate
Address:
290 Sheppard Ave W, Toronto, Ontario, M2N 1N5
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo
  • C8097972 photo

Features

Property Type:
Investment
Land Size:
50.06 X 125.16Feet
Possession:
TBD
Annual Property Taxes (estimate):
$25,558.54 / 2023 Tax Year Annual
Basement:
Y
Garage Type:
Double Detached
Heat Type:
Gas Forced Air Closd
Central AC:
Y
Zoning:
COMMERCIAL
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs. The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6, 000 to $8, 000 per month
**Zoning Amendment Application Has Been APPROVED By City Council For Application Proposes To Develop A 6 Storey Hotel Containing 32 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West. **
Listing Contracted With: RE/MAX Realtron Realty Inc., Brokerage (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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Sabrina Di MarcoBrokerDirect: (416)856-0219Bus: (905)851-4409

J.D.M Realty Ltd., Brokerage