Mohamed
Amy
Learie
151 Ascot Avenue - $1,519,900
151 Ascot Avenue - $1,519,900
151 Ascot Avenue
$1,519,900
Corso Italia-Davenport
Toronto Corso Italia Davenport, OntarioM6E1G5
6 beds
3 baths
9 parking
MLS#: W12799232Listed: 4 months agoUpdated:10 days ago
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.* (id:63050)Details
Details for 151 Ascot Avenue, Toronto Corso Italia Davenport, Ontario- Property Type
- Single Family
- Building Type
- House
- Storeys
- 2
- Neighborhood
- Corso Italia-Davenport
- Land Size
- 36 x 120 FT
- Year Built
- -
- Annual Property Taxes
- $5,980
- Parking Type
- Detached Garage, No Garage
Inside
- Appliances
- All
- Rooms
- -
- Bedrooms
- 6
- Bathrooms
- 3
- Fireplace
- -
- Fireplace Total
- -
- Basement
- Finished, N/A
Building
- Architecture Style
- -
- Direction
- Ascot and Harvie
- Type of Dwelling
- house
- Roof
- -
- Exterior
- Brick
- Foundation
- Concrete
- Flooring
- -
Land
- Sewer
- Sanitary sewer
- Lot Size
- 36 x 120 FT
- Zoning
- -
- Zoning Description
- -
Parking
- Features
- Detached Garage, No Garage
- Total Parking
- 9
Utilities
- Cooling
- Central air conditioning
- Heating
- Forced air, Natural gas
- Water
- Municipal water
Feature Highlights
- Community
- -
- Lot Features
- -
- Security
- -
- Pool
- -
- Waterfront
- -
Rooms
Rooms for 151 Ascot Avenue, Toronto Corso Italia Davenport, OntarioMap
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