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571 Oakwood AVE Toronto C03, ON M6E 2X6
1 Bath
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Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Municipality Toronto C03
Subdivision Oakwood Village
MLS Listing ID C12676254
Annual Tax Amount $3,845
Tax Year 2025
Property Sub-Type Land
Lot Depth 110.0
Lot Front 25.0
Property Description
***ATTENTION BUILDERS & INVESTORS*** Prime multi-unit development opportunity at 571 Oakwood Ave in the heart of vibrant Oakwood Village. Committee of Adjustment approved site for a 3-storey, 10-unit residential multiplex with 6 rooftop terraces, offering approx. 6,500 sq ft GFA on an 82' x 20' building footprint. Situated on a 25' x 110' lot along a major street within an MTSA, this property benefits from exceptional transit access with bus service at the door, a 3-minute walk to the Oakwood LRT station, and an 11-minute walk to Eglinton West subway station, plus close proximity to schools, parks, library, shops, and community amenities. Survey and committee-approved plans available, with all documentation to date to be provided by the seller. Site is shovel-ready, requiring only building permit submission. For savvy developers, there may be potential to pursue additional as-of-right density under the City of Toronto's evolving housing policies. Current designs project an estimated NOI of $232,500/year upon completion. A rare opportunity to deliver a mid-rise residential project in a high-demand, transit-oriented west-end location.
Location
Province ON
County Toronto
Community Toronto C03
Area Toronto
Exterior
Utilities Available Available
Lot Frontage 25.0
Lot Depth 110.0
Others
ParcelsYN No
Listed by ELEVATE REALTY INC.
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