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    For Sale - 16-26 Coburn Avenue, Toronto, Ontario

    Est payment $91,236/mo
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    Views   1
    Time on Jump  3 day

    AI Summary *

    • Approved high-density redevelopment site in a growing East York neighborhood.
    • Over half an acre with potential for a 25-storey apartment building.
    • Current income from 30-unit apartment and two vacant homes.
    • Close to future transit station and local amenities for convenience.
    • Flexible unit mix with opportunities for rental housing replacement.




    Approved high-density redevelopment assembly with in-place multifamily income in east york's broadview north neighbourhood. Three adjacent parcels at 16, 20 & 26 cosburn ave., totaling approx. 23,203 sf (0. 53 acres) with 186 ft of frontage. Zoning by-law amendment approved for a 25-storey (80. 93 m) apartment builidng with 211,284 sf of fga, including indoor amenity space. The current plan includes 299 units (38 bachelor, 153 one-bed, 76 two-bed, 32 three-bed; mix is flexible) and 29 parking spaces. Site plan application deemed complete september 2022, with a second resubmission made december 2024; a buyer may assume and finalize the application. Rental housing demolition approved by city council in july 2023, subject to a section 111 agreement requiring 30 replacement rental units (27 affordable, 3 mid-range). The site is currently improved with a 3-storey, 30-unit apartment building (20 cosburn), approx. 90% occupied, and two vacant detached homes (16 & 26 cosburn), providing holding income and lease-up upside during pre-development. Located witin an mtsa, approx. A 6-minute walk to the future ontario line cosburn station, with ttc bus service to broadview and pape stations steps away. Cloe to the danforth, pape ave. Shops and the don valley trail systems.
    Listing IDE14028870
    Address16-26 Coburn Avenue
    CityToronto, Ontario
    Price$19,000,000
    StyleLand
    Land Size0.53
    TypeVacant Land
    StatusFor Sale

    Subtype LandSewer Sanitary+Storm

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    16-26 Coburn Avenue
    Toronto , Ontario
    $19,000,000
    Get more info