1563 Bathurst Street
Forest Hill South, Toronto, M5P 3H8
FOR SALE
$2,890,000
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6 + 2
BEDROOMS 4
BATHROOMS 1 + 1
KITCHENS 10 + 2
ROOMS C13077024
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Property Description
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
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Nearby Intersections
Property Features
Water Meter, Front Yard Parking
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Property Details
Address
1563 Bathurst Street
Community
City
Postal Code
M5P 3H8
Property Type
Multiplex, Multiplex
Lot Size
60' x 104'
Taxes
$10,429 (2025
Basement
Finished, Separate Entrance
Heat Type
Water
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Attached
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Listing contracted with Homelife New World Realty Inc.
WATERFRONT Multiplex w/ 5 units - Overlooking Lake Ontario - This large purpose built building offers: approx. 2900 sq ft above grade plus 1000 sq ft mid grade - approx. 3900 sq ft of living space! 25ft of frontage on Lake Ontario, 2 car garage, 5 legal residential units (100% tenanted w/ 2 two-bedroom units on the street side & 3 one-bedroom plus den units overlooking Lake Ontario), 2 large balconies overlooking Lake, ground level terrace w/ walkout overlooking Lake, recent upgrades/renovations include concrete at main entrance '24, windows '23, electrical panels '23, EV charger '23, fire alarm upgrade '23, lockers '23, lower waterfront patio '21, roof & eaves 2019 & exterior railings '19. End user Potential to convert into a Modern Masterpiece! New Toronto on the Lake: Great shopping & restaurants, lakefront parks, public transit, lakefront trails... This is a rare offering w/ incredible views of Lake Ontario **EXTRAS** 5 Meters, 5 Fridges, 5 Stoves.
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Offered for the first time in two generations, a truly exceptional residence that presents a rare opportunity to acquire one of the neighbourhood's distinguished legacy properties. Occupying a prominent 27 x 126.81ft corner lot, this stately home seamlessly blends historic charm with remarkable versatility, offering endless possibilities for families, investors, builders, and those seeking a multigenerational residence in one of Toronto's most coveted communities. Encompassing 3,490 of total living space, the home welcomes you through a gracious vestibule that sets the tone for the impressive scale and timeless character. Generous principal rooms, abundant natural light, and enduring architectural details create an inviting atmosphere while providing the perfect canvas for restoration, modernization, or reimagining. Configured as a well-maintained income-producing property, the residence is occupied by exceptional tenants. The property offers outstanding flexibility with five separate hydro meters, a dedicated coin-operated laundry facility, and private balconies serving each of the above-grade suites-features that enhance both tenant appeal and long-term investment value. Modern mechanical upgrades include a tankless hot water system, providing efficient, on demand hot water. Outside, the property's scale is equally impressive. A rare detached three-car garage complemented by parking for eight vehicles is virtually unheard of in this prestigious neighbourhood, creating unmatched convenience for homeowners, extended families, or investment use. The expansive corner lot further presents exciting opportunities for future enhancement or redevelopment and is garden suite eligible. Properties of this significance seldom become available. Rich in history, exceptional in scale, and brimming with future potential, 376 Sunnyside Avenue represents a once-in-a-generation opportunity to own a remarkable family legacy while creating the next chapter of its enduring story.
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