This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
2441 Keele St
1.02 Acres of Residential Land Offered at $5,500,000 CAD in Toronto, ON M6L 1K2
Investment Highlights
- Access to Highway 400 and Highway 401,
- Total site area of 44,293 SF.
- Walking distance of grocery stores, restaurants and shopping centres.
Executive Summary
Ft Wide on North Park Dr & 230 Ft Deep on Keele St, with a total site area of 44,293 SF, these properties provide
an ideal canvas for your next project. Current high-level planning permits the construction of three Fourplexes
and three Garden Suites, totaling 15 units, offering versatility and profitability.
Conveniently located within walking distance of grocery stores, restaurants and shopping centres on Lawrence
Ave W, close to transit and with easy access to Highway 400 and Highway 401, making it an investment
opportunity not to be missed.
Property Facts
| Price | $5,500,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 1.02 AC |
| Price | $5,500,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.02 AC |
1 Lot Available
Lot
| Price | $5,500,000 CAD | Lot Size | 1.02 AC |
| Price Per AC | $5,408,983 CAD |
| Price | $5,500,000 CAD |
| Price Per AC | $5,408,983 CAD |
| Lot Size | 1.02 AC |
Located at the Northeast Corner of Keele Street and North Park Drive, these properties offer an exceptional opportunity for Midrise or Townhome development in a coveted location backed by a ravine.
Description
Location Potential: This site is 350 meters from the intersection of Keele Street and Lawrence Avenue, within walking distance to North Park Plaza and just minutes away from highway 401 W and 401 E. This location is also conveniently located 5 minutes from Yorkdale Shopping Centre, by car. Zoning: The zoning currently holds the he entitlement to build up to 4 stories, with potential for up to 6 stories. Financing: This site could be eligible for CMHC's affordable housing initiatives, providing a significant advantage with options for up to 95% construction cost financing and a 50-year amortization period. For further details, please refer to the CMHC Affordable Housing Fund. High Level Planning: A high-level planning report is available, offering insights into the construction prospects, including 3 fourplexes and 3 garden suites. Ample Space: With a total site area of 44,293 square feet and an impressive frontage of 136 feet, the site has ample room for development, with significant upside opportunities.
zoning
| Zoning Code | RD |
| RD |
-
Behi Shafiei -
Metropolitan Commercial Realty Inc.
Presented by
2441 Keele St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.