Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to
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25 Year , 4.99% interest
Real Estate Board require you toSign Into see the full details of this property
Real Estate Board require you toSign Into see the full details of this property
Real Estate Board require you toSign Into see the full details of this property
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House for sale in North York: 290 Sheppard Avenue W, North York
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.
The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. Located at 290 Sheppard Avenue W, North York, this detached house is situated in the desirable community of Lansing-Westgate. With its brick exterior, this backsplit-style house exudes charm and character.
This spacious house boasts 4 bedrooms, perfect for a growing family. The kitchen, which is equipped with all the necessary amenities, is ideal for preparing delicious meals. The house features 3 bathrooms, ensuring convenience for all occupants. The central air conditioning system ensures a comfortable living environment throughout the year.
While there is no pool or fireplace in this house, the presence of internet connectivity allows for seamless communication and entertainment. The absence of a family room and central vacuum system provides an opportunity for customization according to your preferences. The house is offered unfurnished, allowing you to add your personal touch and style.
The forced air heating system keeps the house warm and cozy during colder months. The sewer system and municipal water supply ensure efficient waste management and a reliable water source. The finished, full basement provides additional living space or storage options.
An exciting feature of this property is the approved zoning amendment application. The application proposes to develop a 6-storey hotel containing 32 rooms with 6 surface parking spaces at 290 Sheppard Avenue West. This presents a unique opportunity for those interested in the hospitality industry or looking to diversify their investment portfolio.
The lot size of 50 x 125 feet offers ample space for outdoor activities or potential future expansions. The house comes with a detached garage, providing parking space for 2 vehicles. In addition to the garage, there is a private driveway with parking space for 6 more vehicles.
For families with school-going children, the nearest elementary school is Cameron Public School, ensuring convenience and accessibility. The area of Toronto, specifically North York, offers a plethora of amenities, including shopping centres, restaurants, parks, and recreational facilities.
In summary, this house for sale in North York, located at 290 Sheppard Avenue W, presents a unique investment opportunity. Whether you choose to embark on a redevelopment project or utilize the existing building, the potential for growth and income generation is immense. With its prime location, desirable community, and approved zoning amendment application, this property is a true gem. Don't miss out on this chance to secure your future in the thriving North York area. Contact us today to arrange a viewing and explore the endless possibilities that await you.
Lansing-Westgate is a vibrant community nestled in the heart of North York, offering a unique blend of urban convenience and natural beauty. Situated in a prime location, this neighbourhood boasts a diverse range of amenities and services that cater to the needs of its residents. With its close proximity to major transportation routes, including the subway and highways, commuting to downtown Toronto or other parts of the city is a breeze. Residents can enjoy a variety of recreational activities in the nearby parks and green spaces, providing a peaceful escape from the hustle and bustle of city life. The community also features a wide array of shopping centres, restaurants, and entertainment options, ensuring that everything you need is within reach. Whether you're looking for a quiet suburban retreat or a lively urban experience, Lansing-Westgate has something to offer for every would-be resident.
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