1122 Islington Avenue Toronto, Ontario M8Z 4S2

$3,799,000

This exciting development opportunity in the desirable area of Etobicoke currently has an application to build 7 townhouses, with a total buildable gross floor area of 14,863 square feet. Site plan approval for this 7-townhouse proposal is estimated to be completed in the Fall of 2024. Or, explore the potential to build a 6-storey, up to 60-unit mid-rise building, by right, under the City of Toronto's ""Major Streets"" Zoning By-Law Amendment initiative. This 67.48 ft by 131.43 corner is situated between luxury townhouse developments by Plaza to the North and Dunpar South. Developers have been taking notice of the demand for high-end homes in this pocket for decades. The top-notch location offers easy access to all the amenities, including numerous parks, transit options, schools, shopping centers, and restaurants. The 1557 sq ft detached home is currently used as a short-term rental, which could provide income while applying for building permits. Transit is at the front door with a short trip to the Bloor Subway line and it's just minutes to the Gardiner. Directly to the South of the site is the Islington Parkette, which will provide additional privacy between the proposed properties and the Dunpar development. The area provides a perfect mix of urban convenience and suburban charm. **** EXTRAS **** Do not walk the lot without appointment, the property is used for short term rental. (id:50787)

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https://www.realtor.ca/real-estate/27114274/1122-islington-avenue-toronto-islington-city-centre-west