11
290 Sheppard Ave W
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$2,888,000 Sale
Listed 46 days ago
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Listing History
Buy/Sell/Terminated/Expired listing history for 290 Sheppard Ave W
Key Facts
Key facts for 290 Sheppard Ave W
Property Type
House, Backsplit 3
Parking
Detached 2 garage, 6 parking
MLS #
C8097970
Size
-
Basement
Finished,Full
Listed on
2024-02-28
Lot size
50 x 125.16
Tax
$25,558.54 /yr
Days on Market
46
Approximate Age
-
Maintenance Fee
-
Description
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. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month **** Extras **** **Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
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Courtesy of: RE/MAX REALTRON REALTY INC.