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$ 2,890,000
Est. payment /mo
New
1563 Bathurst ST Toronto C03, ON M5P 3H8
8 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Municipality Toronto C03
Subdivision Forest Hill South
MLS Listing ID C13077024
Style 2-Storey
Bedrooms 8
Annual Tax Amount $10,429
Tax Year 2025
Property Sub-Type Multiplex
Property Description
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
Location
Province ON
County Toronto
Community Toronto C03
Area Toronto
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 2
Interior
Interior Features Water Meter
Cooling Central Air
Fireplace Yes
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 60.0
Lot Depth 104.09
Total Parking Spaces 4
Building
Foundation Unknown
Others
ParcelsYN No
Listed by HOMELIFE NEW WORLD REALTY INC.