464 468 Winona Drive, Toronto
- Living area: 21098 square feet
- Type: Lots and Land
- Added: 69 days ago
- Updated: 39 days ago
- Last Checked: 11 hours ago
The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This optimal utilization of the land is highly supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in midtown Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 in 2023, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year.
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Nearby Listings Stat
Active listings
329
Min Price
$45
Max Price
$29,500,000
Avg Price
$2,145,233
Days on Market
58 days
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Min Sold Price
$135,000
Max Sold Price
$15,800,000
Avg Sold Price
$1,877,486
Days until Sold
46 days
