This prime property in Toronto is a developmental free-standing multiplex that is currently for sale. It is conveniently located within walking distance to various amenities such as a beach, marina, park, public transit, grocery store, shopping, parks, restaurants, and the highway. The home consists of four apartments with a total of eleven bedrooms, five bathrooms, four kitchens, and living/dining rooms. The open concept design of the apartments provides a spacious and modern feel, with three of the apartments being approximately 1300 square feet each.
With a land size of 51 x 148.83 FT, this property offers a rare opportunity for redevelopment and the potential to build behind the main structure. It is also a great investment for those looking to own a fractionally owned property with others, offering a prime location, ample space, convenience, and value. Additionally, it is less than 15 minutes away from Toronto Downtown, making it a better choice compared to purchasing a condo in the area, with a much lower price per square foot.
The property is listed for sale and is located at 149 GAINSBOROUGH RD in the Woodbine Corridor community of Toronto, Ontario. It features a total of 5 bathrooms, 9 bedrooms above ground, and 2 bedrooms below ground, totaling 11 bedrooms. The finished basement has a separate entrance and a walk-out, and the building construction style is detached, with a brick and concrete exterior finish. Heating is provided by natural gas and is of the radiant heat type, with the property consisting of 3.00 stories and being classified as a house.
Buyer due diligence regarding rezoning or city regulations is necessary with all offers, as the property has huge potential for rezoning. This property is a rare find and offers a unique opportunity for redevelopment and investment in a prime location in Toronto.
