151 Ascot Avenue, Toronto, ON M6E 1G5

$1,519,900
: 6
BD
: 3
BA
: 1,500
SqFt

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List Price: $1,519,900
Price Change: ▼ $30,000 1782463829
MLS#: W12799232
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: 2-Storey
Bedrooms: 6
Bathrooms: 3
Living Area: 1500-2000
Province: ON
Municipality: Toronto
Area: Toronto
Neighborhood: Corso Italia-Davenport
Subdivision: Ascot And Harvie

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Property Description

Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*

(647) 867-1763

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