125 Steeles Avenue
Newtonbrook East, Toronto, M2M 3Y5
FOR SALE
$1,875,000

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BATHROOMS2
KITCHENS8 + 3
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Property Description
Attention Developers and Investors! Secure a prime, high-yield development project in the heart of North York. This lot comes with an issued ZAP Certificate (Jan 2026), providing a clear and approved path to building permit issuance. Designed by the renowned AAA Architects, the approved plans feature a sophisticated 4-storey boutique apartment building comprising 16 residential units. Project Highlights: Ready to Build: Zoning is fully approved; the project is officially exempt from Site Plan Control, saving months of typical development timelines and costs. Optimized Unit Mix: The 16-unit design offers a strategic mix of Bachelor, 1-Bedroom, 1-Bedroom + Den, and 2-Bedroom layouts to maximize rental or resale value. Modern Architecture: A striking 15.13m tall contemporary structure with clean lines, high-end vertical cladding, and floor-to-ceiling windows. Premium Amenities: Includes a dedicated entrance lobby, a garbage/recycling room, and a secure covered parking area with EV charging infrastructure readiness. Commuter Friendly: Features 13 indoor lockers and a dedicated bike repair station with parking for 13 bicycles. Investment Summary:This is a turnkey opportunity to bypass the "red tape" of the planning phase. With all zoning hurdles cleared, you can move straight to securing building permits and breaking ground in 2026. Perfect for a luxury rental hold or a high-end condominium exit.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2025-02-05 | 2025-02-10 | 5 | $1,359,800 | $1,300,000 |
| 2016-06-06 | 2016-07-11 | 35 | $1,188,000 | $1,120,000 |
| 2015-04-07 | 2015-04-20 | 13 | $799,000 | $840,000 |
| 2011-02-17 | 2011-02-25 | 8 | $595,000 | $589,000 |
| 2007-05-27 | 2007-06-13 | 17 | $567,800 | $553,000 |
Nearby Intersections
Property Features
Other, Private
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Property Details
Address
125 Steeles Avenue
Community
City
Postal Code
M2M 3Y5
Property Type
Detached, Detached
Lot Size
50' x 120'
Taxes
$7,594 (2025
Basement
Finished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Built-In
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Listing contracted with Royal Lepage Certified Realty
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