Realestate

Property Details

1 of 28
$1,249,000
282 Westlake Avenue, Toronto E03, ON M4C 4T6
3
0
MLS®E12943268
Property Type
Residential Freehold
Sub Type
Detached
Heating
Other
Cooling
None
Lot Size
131.5 x 25 Feet
Approx Age
N/A
ATTENTION BUILDERS & INVESTORS!!! Shovel-Ready 4+1 Multiplex Conversion At 282 Westlake Ave In Toronto's Sought-After Woodbine-Lumsden Pocket. All Building Permits Issued And Paid For A 3-Storey, 4-Unit Residential Multiplex (Front & Rear Additions + Third Storey) Plus A Separate 2-Storey Garden Suite (2-Bed + Den) At The Rear. Five Self-Contained 2 Bedroom or Larger Residential Units. Interior Demolition Is Complete And Exterior Excavation Has Begun. This Is Not A Concept Or A Proposal, It's A Fully Permitted Project Ready To Go!. Approved Plans Deliver A 2-Bedroom Basement Unit, Three Large 2-Bedroom Units On The Main, Second And Third Floors, And A Standalone 2 Bedroom + Den Garden Suite. Located Just A 15-Minute Walk To Woodbine Station , With Strong Rental Demand And Excellent Tenant Profile. Current Projections Estimate An NOI Of Approximately $140k/Year Upon Completion. Buyers Are Encouraged To Conduct Their Own Due Diligence On All Costs, Projections, And Construction Timelines. Full Project Documentation, Architectural And Structural Drawings, Survey etc. Available On Request. **Exterior Rendering is AI generated.
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