Overview
|Description
RARE MILL POND DEVELOPMENT OPPORTUNITY WITH OVER 100 FT OF FRONTAGE! A unique opportunity for builders, investors and end-users to acquire a ready-to-go custom home project in sought-after Mill Pond. Demolition permit and building permit have been issued for a new 2-storey custom residence of approximately 3, 000 sq. ft. above grade, plus a full basement. Significant architectural, engineering and permit-related work has already been completed, with extensive plans and supporting documentation available for review. For buyers looking for an investment opportunity, this is an excellent corner lot for a potential four-unit residential development. The property is already zoned N2, allowing for up to four residential units, subject to applicable zoning and building requirements. This can significantly reduce the time, cost and uncertainty typically associated with pursuing a rezoning. City correspondence confirms the property is outside the TRCA-regulated area, is not subject to site plan approval, and a zoning-compliant proposal may proceed directly to building permit application. Existing dwelling has sustained fire damage, is uninhabitable, and no entry into the structure is permitted. Property is being sold AS-IS, WHERE-IS for its land and redevelopment value. Located in sought-after Mill Pond, close to parks, schools, Yonge Street, shopping, restaurants, transit and community amenities. A rare opportunity to capitalize on years of completed planning and approvals – proceed with the permitted custom home or explore the property’s multi-unit development potential.