290 Sheppard Ave W
Lansing-Westgate, North York, M2N 1N5
FOR SALE
$2,888,000
Terminated
$0
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BEDROOMS3
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-02-28 | 2024-06-30 | 123 | $2,888,000 | - | Terminated |
2023-06-16 | 2023-12-31 | 198 | $2,688,888 | - | Expired |
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Property Description
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
Extras
**Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Nearby Intersections
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Detached, Backsplit 3
Lot Size
50' x 125'
Fronting
North
Taxes
$25,559 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
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