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$1,988,000
Available - For Sale
Listing ID: C12953238
This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Feet Exposure On Bayview Ave and 83' on Newton Drive. It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City's Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1) Current Owner Has Obtained the Re-Zoning City Approval for Six (6) 3-Storey Freehold Townhouse Units, with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select **! 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!! 4) For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner! Whether You're Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, and Key Urban Amenities!! The Proposed Renderings are Attached!
Price $1,988,000
Taxes: $8,408
Occupancy by: Vacant
Address: 298 Newton Drive , Toronto, M2M 2P8, Toronto
Directions/Cross Streets: Bayview Ave & Steeles Ave
Rooms: 7
Rooms +: 2
Bedrooms: 4
Bedrooms +: 1
Washrooms: 4
Family Room: F
Basement: Finished
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 18.37 13.97 Hardwood Floor, Picture Window, Open Concept
Room 2: Main Dining Ro 13.02 10.04 W/O To Patio, Hardwood Floor, Open Concept
Room 3: Main Kitchen 18.56 9.87 French Doors, B/I Appliances, Side Door
Room 4: Second Primary B 16.96 12.40 4 Pc Ensuite, Balcony, Closet
Room 5: Second Bedroom 2 14.99 9.12 Hardwood Floor, Closet
Room 6: Second Bedroom 3 14.07 8.89 Hardwood Floor, Closet
Room 7: Second Bedroom 4 11.32 10.96 4 Pc Bath, Hardwood Floor, Closet
Room 8: Basement Bedroom 5 12.89 8.99 Vinyl Floor, Closet, Window
Room 9: Basement Recreatio 23.45 12.53 3 Pc Bath, Fireplace, Window
No. of Pieces Level
Washroom 1:  4 Second
Washroom 2:  2 Main
Washroom 3:  3 Basement
Washroom 4:  0
Washroom 5:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: Built-In
(Parking/)Drive: Private Do
Drive Parking Spaces: 4
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX REALTRON BIJAN BARATI REAL ESTATE

298 Newton Drive , Toronto, M2M 2P8, Toronto


 
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At a Glance:
Type: Freehold - Detached
Area: Toronto
Municipality: Toronto C14
Neighbourhood: Newtonbrook East
Style: 2-Storey
Lot Size: x 101.08(Feet)
Approximate Age:
Tax: $8,408
Maintenance Fee: $0
Beds: 4+1
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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