$3,499,000
Power of sale residential development opportunity in the vibrant Garden District. This vacant 4,521 sq. ft. lot comes with approved zoning and a minor variance allowing for the construction of a four-storey, 28-unit residential building totaling 14,328 sq. ft. of gross floor area. The proposed development includes a green roof, rooftop amenity space, and bike storage areas, with no requirement for vehicular parking. Ideally situated in the Moss Park neighborhood, the property boasts a 97 Walk Score, offering convenient access to TTC transit, Allan Gardens, universities, hospitals, shops, and restaurants. The surrounding area features a mix of heritage homes, mid-rise buildings, and new infill developments, making this site especially appealing for student housing or micro-suite rentals. This is an excellent opportunity for developers looking to invest in Toronto's downtown intensification. (id:41954)
Property Details
MLS® Number
|
C12229390 |
Property Type
|
Vacant Land |
Community Name
|
Moss Park |
Building
Utility Water
|
Municipal Water |
Parking
Land
Acreage
|
No |
Size Depth
|
150 Ft ,2 In |
Size Frontage
|
14 Ft ,5 In |
Size Irregular
|
14.45 X 150.22 Ft |
Size Total Text
|
14.45 X 150.22 Ft |
Zoning Description
|
R (d1.0)(x865)(zap) |
Utilities
Cable
|
Available |
Electricity
|
Available |
https://www.realtor.ca/real-estate/28486485/185-gerrard-street-e-toronto-moss-park-moss-park