ON
Toronto (Corso Italia-Davenport)
M6E1G5
151 Ascot Avenue
151 Ascot Avenue, Toronto (Corso Italia-Davenport), ON M6E1G5
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Listing Type
Single Family
Listing Status
Off Market
0
$1,519,900

Home Details for 151 Ascot Avenue

Price
$1,519,900
Type
Residential
Bedrooms
6
Total Bathrooms
3
Days on site
106
Listing #
W12799232
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.* (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Parking
    • Detached
Listing Courtesy: RE/MAX WEST REALTY INC.
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2862 Lakeshore Blvd West, Etobicoke, ON M8V 1H9
Office
416 252 2822
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