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    For Sale - 151 Ascot Avenue, Toronto, Ontario

    Est payment $7,683/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Rare opportunity for a near-ready urban building project in a prime area.
    • Lot nearly ready for severance into two 18x120 ft lots for greater density.
    • Plans for two fourplexes plus a laneway suite for 5 rental units.
    • Existing home is livable and can generate immediate rental income.
    • Strong monthly rental income with potential for future development.




    Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 120 ft lot with severance approaching final completion for two 18 120 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, leasing 3units plus garage consisting of 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$1,549,900
    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.
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    151 Ascot Avenue
    Toronto , Ontario
    6 3 $1,549,900
    Get more info