For Sale: 298 Newton Drive, Toronto, ON - REW
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$1,988,000
0 bd • 3 ba • 8643 sf • Land/Lot
298 Newton Drive
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$1,988,000
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298 Newton DriveToronto, ON, M2M 2P8

Newtonbrook East
  • 0 Bed
  • 3 Bath
  • 8643 Sqft
  • Land/Lot

About this home

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 Ft 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)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the 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, All Amenities, and Key Urban!! The Proposed Renderings are Attached (id:63626)
Listed by: BIJAN BARATI, Broker of Record, RE/MAX REALTRON BIJAN BARATI REAL ESTATE

Home facts and features

Price details
List Price
$1,988,000
Get Pre-Approved
Gross Taxes for 2026
$8,408
Home facts
Bedrooms
0
Full Bathrooms
3
Parking Spaces
6
Property Type
Land/Lot
Depth
101.08 feet
Frontage
83.3 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Features
Irregular lot size
Appliances
Dishwasher, Hood Fan
Community
Agent details
Primary Agent
BIJAN BARATI
Primary Broker
RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Secondary Agent
ARMIN BARATI
Secondary Broker
RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Listing details
Days on REW
64 Days
Property Views
17
MLS® Number
C12953274
Source
Canadian Real Estate Association
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Property Insights

St. Joseph Morrow Park Catholic Secondary School
  • Catholic
  • 9 - 12
Brebeuf College School
  • Catholic
  • 9 - 12
Abacus Montessori & Private School
  • Private
  • 1 - 5
St Agnes Catholic School
  • Catholic
  • JK - 8
Steelesview Public School
  • Public
  • JK - 5
Lester B Pearson Elementary School
  • Public
  • K - 8
UMC High School
  • Private
  • 7 - 12
Lillian Public School
  • Public
  • JK - 5
Cummer Valley Middle School
  • Public
  • 6 - 8
Blessed Trinity Catholic School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
BIJAN BARATI
Phone:
(416) 222-8600
Office:
416-222-8600
Salesperson
ARMIN BARATI
Office:
416-222-8600
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