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SaleInvestment

57 Westwood Avenue

Toronto E03, ON M4K 2A7

Price

$3,535,723.15

Building Size

N/A

MLS# E12632770 | Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

Business Details

Business Type

Apts - 6 To 12 Units

Property Use

Apartment

Industrial Specifications

Lot Size

30' × 110'

Structure

Freestanding

Property Description

Pre-construction purpose-built rental development in East York. 57 Westwood Ave is a fully designed seven-plex (six-unit detached multiplex with a self-contained rear garden suite), offered as a fixed-price construction opportunity conditional on the builder obtaining Development Permit and Building Permit approval. The proposed building consists of a three storey plus basement configuration with a mix of studio and larger residential units, together with a separate two-bedroom garden suite located at the rear of the property. The project has been designed with energy-efficient construction and CMHC MLI Select underwriting considerations in mind, providing a potential pathway to insured take-out financing upon stabilization, subject to CMHC program requirements, scoring, debt service coverage, and lender approval. No representation or warranty is made regarding CMHC eligibility or financing terms. Located in a well-established East York neighbourhood with strong rental fundamentals, proximity to transit, parks, schools, and local amenities. Intended for build-to-hold investors seeking long-term rental income and cost certainty through a fixed-price construction structure. Architectural drawings and additional information available upon request. Appointment required before walking the site.

Price & Status History

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Listing Courtesy of: SOTHEBY'S INTERNATIONAL REALTY CANADA

This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.

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