783 Spadina Road,Toronto (Forest Hill South), ON M5P2X5
Toronto (Forest Hill South), ON M5P2X5
Description
Attention Investors, Developers & Builders. An extraordinary opportunity in one of Toronto's most coveted neighbourhoods, Forest Hill South. Ideally positioned within a Priority Major Transit Station Area, this exceptional property offers significant future residential intensification potential. Set on a sprawling 60 ft x 293 ft lot, the property is uniquely positioned overlooking Toronto's famed Beltline Trail, with frontage on a designated major street supporting increased density. Development precedent has already been established on the street, with neighbouring properties successfully permitted for redevelopment. 783 Spadina offers a rare opportunity to acquire a 60-foot-wide parcel with exceptional depth, located within approximately 200 metres of the Caplin LRT Station, Eglinton shops, parks, top-ranked schools, transit and first class amenities. Currently configured as a turn-key legal fourplex, the property features four renovated 2-bedroom, 1-bathroom suites, along with garage and surface parking. This provides immediate income potential while allowing investors to explore the property's longer-term redevelopment possibilities. A rare opportunity to secure a substantial development parcel in a highly sought-after Toronto neighbourhood-an ideal hold today with the potential to create a generational long term investment. Don't Miss Out! (id:13843)
Details
| MLS # | C13869372 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 30 |
| Listing Provided By | FREEMAN REAL ESTATE LTD. | TREVOR JAYE FREEMAN |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,500 |
| Garage | 8 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Wall unit |
|---|---|
| Heating | Natural gas |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Unknown |
|---|
Parking
| Parking Features | Attached Garage, Garage |
|---|---|
| Parking Total | 8 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 16082.84 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Forest Hill South) |
| Postal Code | M5P2X5 |
| Listing VS Median (in M5P2X5) | |
Price: $3,999,000 low | high Med: $3,999,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $1,143 low | high Med: $1,143 On site: 30 low | high Med: 30 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Forest Hill South) |
| Postal Code | M5P2X5 |
| Listing VS Median (in M5P2X5) | |
Price: $3,999,000 low | high Med: $3,999,000 sqft: 3,500 low | high Med: 3,500 $ / sqft: $1,143 low | high Med: $1,143 On site: 30 low | high Med: 30 | |
