For Sale: 464-468 Winona Drive, Toronto, ON - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$29,499,000
0 bd • 0 ba • sf • Land/Lot
464-468 Winona Drive
Street ViewDirections
$29,499,000
Get pre-approved

464-468 Winona DriveToronto, ON, M6C 3T7

Oakwood-Vaughan
  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

An exceptionally rare opportunity to acquire a premier development site in the heart of Midtown Toronto between Humewood and Cedarvale neighborhoods -one of the city's strongest and most resilient rental markets. The listing price includes Site Plan Approval (SPA) for the proposed 200-unit, 11-story rental development. PAC meetings' feedback and prepared Application Package suggest a short approval period. All seller's obligations related to SPA delivery will be detailed in the Agreement of Purchase and Sale. Offers may be made conditional on these final approvals, giving developers valuable certainty as the project moves toward completion of the planning process. Two independent appraisals have valued the land at about $25 million without approvals, reflecting its true highest and best use as a large-scale rental development. The proposed building aligns perfectly with CMHC's MLI Select program. The completed asset is expected to exceed $100 million in value with projected annual rental income of more than $5,500,000.Situated in a prime Midtown location surrounded by established high-demand rental buildings, the site benefits from strong municipal support for rental intensification as Toronto prioritizes new rental supply. The previously approved townhouse plan is no longer the highest and best use of the land, which is now optimized for a transformative multi-residential project. With near-zero vacancy in the area and robust demand for high-quality rental housing, this is a rare chance for forward-thinking developers to deliver a flagship rental asset in one of Toronto's most coveted neighbourhoods. (id:63626)
Listed by: Richard Isaac Himelfarb, Salesperson, FOREST HILL REAL ESTATE INC.

Home facts and features

Price details
List Price
$29,499,000
Get Pre-Approved
Gross Taxes for 2026
$16,500
Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Land/Lot
Depth
303 feet
Frontage
71.0 feet
Community
Agent details
Primary Agent
Primary Broker
FOREST HILL REAL ESTATE INC.
Listing details
Days on REW
202 Days
Property Views
71
MLS® Number
C12554262
Source
Canadian Real Estate Association
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Vaughan Road Academy
  • Public
  • 9 - 12
Oakwood Village Montessori School
  • Private
  • PS - 3
D'Arcy McGee Catholic School
  • Catholic
  • JK - 8
J R Wilcox Community School
  • Public
  • JK - 8
Rawlinson Community School
  • Public
  • JK - 8
Humewood Community School
  • Public
  • JK - 8
St Alphonsus Catholic School
  • Catholic
  • JK - 8
Cedarvale Community School
  • Public
  • JK - 8
St Thomas Aquinas Catholic School
  • Catholic
  • JK - 8
Robbins Hebrew Academy
  • Private
  • NS - 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
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Oakwood-Vaughan

Neighborhoods near Oakwood-Vaughan

Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-07.
Call Agent
Salesperson
Richard Himelfarb
Phone:
(416) 970-7424
Office:
416-975-5588
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.