282 Westlake Avenue, Toronto - Sold for $950,000 | Modern Solution Realty

282 Westlake Avenue, Toronto

282 Westlake Avenue in Toronto - 3 bedroom, 0 bathroom. Sold for $950,000. Listed at $1,249,000.

ATTENTION BUILDERS & INVESTORS!!! Shovel-Ready 4+1 Multiplex Conversion At 282 Westlake Ave In Toronto's Sought-After Woodbine-Lumsden Pocket. All Building Permits Issued And Paid For A 3-Storey, 4-Unit Residential Multiplex (Front & Rear Additions + Third Storey) Plus A Separate 2-Storey Garden Suite (2-Bed + Den) At The Rear. Five Self-Contained 2 Bedroom or Larger Residential Units. Interior Demolition Is Complete And Exterior Excavation Has Begun. This Is Not A Concept Or A Proposal, It's A Fully Permitted Project Ready To Go!. Approved Plans Deliver A 2-Bedroom Basement Unit, Three Large 2-Bedroom Units On The Main, Second And Third Floors, And A Standalone 2 Bedroom + Den Garden Suite. Located Just A 15-Minute Walk To Woodbine Station , With Strong Rental Demand And Excellent Tenant Profile. Current Projections Estimate An NOI Of Approximately $140k/Year Upon Completion. ***AI Generated Rendering Photo Shows Potential Finished Product

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1300 sqft
  • Basement: Unfinished
  • Heating: Other
  • Cooling: None
  • Parking: 2 spaces
  • Property Taxes: $4,615/yr
  • Neighbourhood: Woodbine-Lumsden
  • Postal Code: M4C 4T6

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