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Last Updated : 613 Days ago
5 & 7 Foxwarren Dr, Toronto, Ontario, Bayview Village

5 & 7 Foxwarren Dr, Toronto MLS Number: C8421362

Bayview Village, Toronto, ON, M2K 1L1

$2,299,000

Status: OFF MARKET

  • Property Type: Commercial (Land)
  • Property Taxes : $9760.92 (Tax Year:2023)
  • Listing Courtesy : Zen Home Realty

5 & 7 Foxwarren Dr Property Description

Prime Redevelopment Opportunity in a Coveted NeighbourhoodPresenting an exceptional opportunity to acquire a substantial parcel of land at 5 & 7 Foxwarren Drive, currently featuring one building with two assigned street numbers. This property is ideal for demolition and redevelopment into a fourplex and a separate garden suite.Potential Redevelopment Plans:Main Building (Fourplex): Can be designed to accommodate four spacious units, each featuring over 2,000 square feet with 3 bedrooms and 4 bathrooms. Includes the option to add an underground garage with a car lift for parking 6 vehicles.Garden Suite: A separate, two-level building with 3 bedrooms, 3 bathrooms, and a rooftop garden, covering approximately 1,100 square feet.Key Features:Large Land Area: The property spans 7,252 square feet, offering ample space for redevelopment.Versatile Design Potential: The existing building is currently furnished and decorated for 16 occupants, suitable for licensed short-term rentals or large families.Prime Location: Only 2.5 minutes walking distance to Bayview Shopping Mall and steps from the Subway Station.Cost Efficiency: No minor variance, committee of adjustment, or development fees required for the five legal units.Convenient Amenities: Proximity to shopping, dining, and public transportation.Immediate Rental Income: The seller will rent back the property for $7,800 per month for one year, providing the perfect timeline for final design, city zoning permits, and building permits. This arrangement offers significant rental income, facilitating easier mortgage acquisition for the buyer.This property offers a rare combination of substantial land area, redevelopment potential, and a prime location. Seize the opportunity to design and build a high-yield investment in a desirable neighbourhood.

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5 & 7 Foxwarren Dr Property Facts

Property Type :Commercial
MLS Number :C8421362
Listing Type :Sale
Possession Date :
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Last Updated :09 Jun, 2024 (613 Days ago)
Source :TRREB
Area :Toronto
Postal Code : M2K 1L1
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5 & 7 Foxwarren Dr Property Price & Tax Insights

Price : $2,299,000
Property Taxes :$9760.92
Tax Year :2023

5 & 7 Foxwarren Dr, Toronto Property Details

Cross Street :Bayview And Sheppard
Fireplace/Stove :No

5 & 7 Foxwarren Dr, Toronto - Price History

2024-06

09 Jun, 2024

TREB #C8421362

Available

$2299000.0

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5 & 7 Foxwarren Dr - Location Map and Landmarks

  • Bayview Subway, Toronto 0.47 km
  • Bessarion Subway, Toronto 1.0 km
  • Leslie Subway, Toronto 1.64 km
  • Oriole Go Station, Toronto 2.0 km
  • North York Centre Subway, Toronto 2.02 km
  • Sheppard-Yonge Subway, Toronto 2.13 km
  • Finch Subway, Toronto 2.44 km
  • Old Cummer Go Station, Toronto 2.87 km
  • York Mills Subway, Toronto 3.24 km
  • Don Mills Subway, Toronto 3.47 km
  • Hollywood Public School, Toronto 0.31 km
  • St Gabriel Catholic Elementary School, Toronto 0.31 km
  • Toronto French Montessori School, Toronto 0.55 km
  • Elkhorn Public School, Toronto 0.64 km
  • Bayview Middle School, Toronto 0.67 km
  • People'S Christian Academy, Toronto 0.69 km
  • North York Linc, Toronto 0.83 km
  • Beth Tikvah Congregation, Toronto 0.93 km
  • Central Montessori, Toronto 1.1 km
  • Willowdale Linc, Toronto 1.22 km
  • North York General Hospital, Toronto 2.04 km
  • North York General, Toronto 2.05 km
  • St. John's Rehab, Toronto 2.26 km
  • North York General Hospital - Branson Site, Toronto 4.77 km
  • Sunnybrook Health Sciences Centre, Toronto 5.48 km
  • St. Bernard'S Hospital, Toronto 5.53 km
  • Sunnybrook Hosp, Ambulance 57, Toronto 5.54 km
  • Shouldice Hernia Centre, York 5.71 km
  • Toronto Rehab Institute - Lyndhurst Site, Toronto 5.93 km
  • Toronto Rehab - Rumsey Centre Cardiac Rehab, Toronto 5.95 km
  • Pusateri'S Fine Foods, Toronto 0.18 km
  • Loblaws Supermarkets Limited, Toronto 0.23 km
  • Bayview Village Shopping Centre, Toronto 0.36 km
  • Loblaws Supermarket, Toronto 1.97 km
  • Empress Walk, Toronto 1.98 km
  • Yonge Sheppard Centre, Toronto 2.01 km
  • North York Centre, Toronto 2.05 km
  • Subway - Kff Madison, Toronto 2.05 km
  • Cira'S Gourmet Foods, Toronto 2.07 km
  • Hanahreum Mart, Toronto 2.08 km
  • Sheppard Avenue East and Bayview Avenue, Toronto 0.48 km
  • Wilfred Avenue and Empress Avenue, Toronto 0.79 km
  • Bayview Avenue and Highway 401, Toronto 0.84 km
  • Highway 401 and Bayview Avenue, Toronto 0.86 km
  • Bayview Avenue and Highway 401 Collector, Toronto 0.88 km
  • Willowdale Avenue and Empress Avenue, Toronto 1.19 km
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