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    For Sale - 185 Steeles Avenue, Toronto, Ontario

    Est payment $7,625/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Large 67 x 120.75-foot lot on Steeles Avenue in a desirable Toronto location.
    • Five rental units currently generate approximately $7,000–$8,000 in monthly income.
    • Potential for a four-storey, 16-unit rental development, subject to municipal approvals.
    • Renovated in 2019 with flexible residential and potential professional office uses.
    • Driveway accommodates up to seven vehicles, plus a detached garage.




    **exceptional investment & redevelopment opportunity in prime newton brook east!** attention investors, builders & developers! Unlock the incredible potential of this expansive **67 x 120. 75 ft lot** with excellent exposure on steeles avenue in a highly desirable toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the city of toronto. 50 foot lot has been granted same recently on steeles ave e. An excellent opportunity to explore **cmhc financing programs**, including mli select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**invest today, generate income tomorrow & build for the future!** whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in toronto, this property offers tremendous long-term potential. **rare opportunity to acquire a large income-producing lot with significant redevelopment upside!***buyer and buyer's agent to conduct their own due diligence regarding zoning, permitted uses, development potential, all development concepts are subject to city of toronto approval.*
    Listing IDC14171514
    Address185 Steeles Avenue
    CityToronto, Ontario
    Price$1,588,000
    Bed / Bath6 / 5 Full
    Style1 1/2 Storey, Detached
    ConstructionAluminum Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features StorageOwnership FreeholdWaterfront NoneBasement Finished, Separate EntranceFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Brokerage: RE/MAX REALTRON 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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    185 Steeles Avenue
    Toronto , Ontario
    6 5 $1,588,000
    Get more info