view of front of house featuring brick siding, a balcony, a chimney, and a shingled roof Features: fence, balcony More Photos

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    For Sale - 151 Ascot Avenue, Toronto, Ontario

    Est payment $7,298/mo
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    Views   3
    Time on Jump  161 day

    AI Summary *

    • Rare near-ready opportunity for urban development in a prime location.
    • Lot severance nearly complete, perfect for building multi-unit dwellings.
    • Existing livable dwelling provides immediate rental income and holding options.
    • Plans for multiple fourplexes and laneway suites create significant income potential.
    • Strong rental income with cap rates around 4.5-4.7% for smart investors.




    Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* the existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *property currently provides strong rental income with a cap rate of 4. 5-4. 7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with approximately $6,912. 50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*
    Listing IDW12799232
    Address151 Ascot Avenue
    CityToronto, Ontario
    Price$1,519,900
    Bed / Bath6 / 3 Full
    Style2-Storey, Detached
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement FinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 9.00
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    Listing Agency:  RE/MAX WEST REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    151 Ascot Avenue
    Toronto , Ontario
    6 3 $1,519,900
    Get more info