1563 Bathurst Street
Forest Hill South, Toronto, M5P 3H8
FOR SALE
$2,890,000
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6 + 2
BEDROOMS4
BATHROOMS1 + 1
KITCHENS10 + 2
ROOMSC13077024
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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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