46
$1,588,000 Sale
Listed 1 hour
185 STEELES AVENUE E
· 4+2
· 5.0
· 8
· 1500 - 2000
Key Facts
Key facts for 185 STEELES AVENUE E
Property Type
House
Parking
Garage: Yes, 8 parking
MLS #
C14171514
Size
1500 - 2000 sqft
Basement
Finished, N/A (Finished), N/A
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
**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 configur...ed 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.* (id:10452)
Room Types
Bedroom
-
Dimensions 3.31 m x 2.89 m
102.97 sqft
Bedroom
-
Dimensions 4.82 m x 3.81 m
197.67 sqft
Bedroom 2
-
Dimensions 4.49 m x 3 m
144.99 sqft
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Listing courtesy of: RE/MAX REALTRON REALTY INC.
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