More Photos

×

    For Sale - 2685 Midland Avenue, Toronto, Ontario

    Est payment $18,631/mo
    Get pre-qualified
    Views   1
    Time on Jump  1 days

    AI Summary *

    • Two adjoining deep lots offer approximately 125 feet of frontage and 28,395 square feet combined.
    • Severance planning proposes four lots, subject to municipal approvals and other requirements.
    • Two existing buildings provide 18 bedrooms, 16 bathrooms, and a café room.
    • Reported accommodation revenue averages approximately $20,000 monthly; income records are available to qualified buyers.
    • Near schools, parks, shopping, transit, Agincourt GO, and Highway 401.




    Income today development tomorrow! Attention builders & investors! Rare opportunity to acquire two adjoining deep lots in prime agincourt: 2683 & 2685 midland ave, offering approximately 125 ft of combined frontage x 227 ft depth (28,395 sq ft/0. 65 acres). Severance planning is underway for a proposed four-lot configuration, retaining both existing homes on midland ave and creating two additional lots fronting havendale rd. Proposed retained lots: 2685a (62. 49 ft x 115 ft; approx. 7,186 sq ft) and 2683a (62. 74 ft x 115 ft; approx. 7,215 sq ft). Proposed havendale lots: 2685b and 2683b (each approx. 56 ft x 125 ft; appro 7,000 sq ft). Each newly created lot is estimated at $1m-$1. 2m. Severance process is underway with an estimated 18-month timeline. All lot dimensions, values and development concepts are estimates, subject to survey, zoning, servicing and municipal approvals. Explore additional redevelopment potential under toronto's ehon initiative, including up to six units in qualifying detached buildings under ward 23 permissions, and townhouse or small-scale apartment options under the major streets framework, subject to eligibility and approvals. The two existing residential buildings offer a combined 18 bedrooms and 16 bathrooms, plus a separate draft beer and café room. Airbnb and international student accommodations generate reported average combined revenue of approximately $20,000/month. Four years of supporting income records available to qualified buyers. Seller willing to provide at least one year of transition and operational support on agreed terms. The property is being transformed into a beautiful european-style garden estate, offering established accommodation income and long-term investment potential. Close to schools, parks, shopping, transit, agincourt go and hwy 401. Asking price includes both properties; separate purchases negotiable.
    Listing IDE14138002
    Address2685 Midland Avenue
    CityToronto, Ontario
    Price$3,880,000
    Bed / Bath8 / 3 Full
    StyleBungalow, Detached
    ConstructionAluminum Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features OtherOwnership FreeholdBasement FinishedFoundation UnknownHeating / Cooling WaterHeating Fuel OilSewer Sewer

    Parking 10.00
    ASAP

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    Sun

    8

    Nov

    Mon

    9

    Nov

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    Tue

    17

    Nov

    Wed

    18

    Nov

    Thu

    19

    Nov

    Fri

    20

    Nov

    Sat

    21

    Nov

    Sun

    22

    Nov

    Mon

    23

    Nov

    Tue

    24

    Nov

    Wed

    25

    Nov

    Thu

    26

    Nov

    Fri

    27

    Nov

    Sat

    28

    Nov

    Sun

    29

    Nov

    Mon

    30

    Nov

    Tue

    1

    Dec

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Brokerage: KW Living Realty

    * 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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    67 Heath Street
    Toronto, Ontario.
    3 Beds | 3 Baths
    $3,495,000
    256 Golfdale Road
    Toronto, Ontario.
    3 Beds | 2 Baths
    $3,495,000
    2683 Midland Avenue
    Toronto, Ontario.
    5 Beds | 2 Baths
    $3,880,000
    10 Country Club Drive
    Toronto, Ontario.
    5 Beds | 3 Baths
    $4,250,000
    114 Haddington Avenue
    Toronto, Ontario.
    5 Beds | 6 Baths
    $4,199,900
    333 Glengarry Avenue
    Toronto, Ontario.
    6 Beds | 5 Baths
    $3,988,000
    64 Risebrough Avenue
    Toronto, Ontario.
    5 Beds | 6 Baths
    $3,798,000
    21 Ridgewood Road
    Toronto, Ontario.
    4 Beds | 4 Baths
    $3,999,000
    55 Elderwood Drive
    Toronto, Ontario.
    5 Beds | 3 Baths
    $3,695,000
    Loading...
    2685 Midland Avenue
    Toronto , Ontario
    8 3 $3,880,000
    Get more info