$24,800,000
0 bd • ba • 21098 sf • Land/Lot
464-468 Winona Drive
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$24,800,000
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464-468 Winona DriveToronto, ON, M6C 3T7

Oakwood-Vaughan
  • 0 Bed
  • Bath
  • 21098 Sqft
  • Land/Lot

About this home

The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This project is perfectly aligned with the Multi-Unit CMHC approval process, offering an exceptional opportunity to secure the maximum 100 points in the MLI Select program. It's a once-in-a-lifetime chance to own a rental, retirement, or student housing property in the heart of Toronto's Midtown one of the city's hottest rental markets. A prime opportunity that forward-thinking developers are actively pursuing in Toronto's core neighborhoods NOW.This optimal utilization of the land is highly supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 , mirroring its value with respect to a rental building . According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year. The owner developer is willing to acquire the Site Plan Approval if the Buyer asks for it with an agreeable extra cost. Listing brokerage & Seller make no representation and/or warranties with respect to the Property Tax, Approvals etc. Buyer must conduct own Due Diligence to verify all information. **EXTRAS** Furthermore, feasibility studies and additional information will be provided for the buyer's Due Diligence once a confidentiality agreement is signed following the acceptance of the Conditional Agreement of Purchase and Sale. (id:32586)
Listed by: Sharon Soltanian, Broker of Record, SOLTANIAN REAL ESTATE INC.

Home facts and features

Price details
List Price
$24,800,000
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Depth
303 ft ,6 in
Frontage
71 ft
Community
Agent details
Primary Agent
Sharon Soltanian
Primary Broker
SOLTANIAN REAL ESTATE INC.
Listing details
Days on REW
88 Days
MLS® Number
C11934192
Source
Canadian Real Estate Association

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Purchase Price
Mortgage Total
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Amortization
25 Years
Interest Rate
4.49%

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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
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Listing data was last updated on 2025-04-18.
Call Agent
Sharon Soltanian
Phone:
(416) 901-8881
Office:
(416) 901-8881
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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.