7445 Islington Avenue Vaughan, Ontario L4L 1W2
$8,800,000
**Rare 9.39 ACRE Lot well located on the border of Toronto & Vaughan near public transit, highway access, schools & shopping. These lands are within the delineated built boundary of a settlement area, with access to municipal water and wastewater systems. Development opportunities may contribute to a diverse range & mix of housing options, lot sizes, functions and tenures and level of affordability within the area. Rare opportunity to appropriately intensify these lands in a wide range of built forms & densities while enhancing Environmentally Significant areas to include the forest landscape setting and access to open spaces along Islington Avenue. Fabulous opportunity for Small Builder/Developer to build more apartments & housing to meet provincially mandated housing targets. This Rare Find Vacant Lot has an Incredible 439 Feet of Frontage & 2 Driveway Entrances off Islington. Its picturesque park-like setting attracts visits from the local deer & has been enjoyed by the same family for over 85 years. With added value in the mature trees & running stream, it offers buyers land-use diversity while still providing the enjoyment of a natural setting! It is adjacent to existing residential housing & offers a perfect natural feature ravine setting for much needed new residential units and/or other development to support Vaughan's growth! Many developments underway in the immediate vicinity, including a proposed 3-4 storey residential apartment with 90 units and 108 parking spaces. Other recent approved developments include residential units at 8274-8286 Islington Avenue. RARE **9.39** ACRES OF INFILL Land with Prime Development Opportunity! Contact broker more information with respect to Official Plan and Zoning By-Law Amendments Applications that may be required to support your proposed vision for development. **** EXTRAS **** Last March, Federal gov. launched the Housing Accelerator Fund & Vaughan Council agreed to mandated housing targets to construct new homes by 2031. Fabulous Opportunity for development to meet Vaughan's mandated housing targets. (id:50787)
Property Details
| MLS® Number | N8072790 |
| Property Type | Vacant Land |
| Community Name | East Woodbridge |
| Features | Irregular Lot Size |
Building
| Utility Water | Municipal Water |
Land
| Acreage | Yes |
| Sewer | Sanitary Sewer |
| Size Irregular | 439.67 X 555.2 Ft ; Sloping |
| Size Total Text | 439.67 X 555.2 Ft ; Sloping|5 - 9.99 Acres |
https://www.realtor.ca/real-estate/26521790/7445-islington-avenue-vaughan-east-woodbridge
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May 28 2024 07:28:46
Toronto Real Estate Board
RE/MAX Experts