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$1,588,000
Status: For Sale
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
| Property Type | :Residential Freehold |
|---|---|
| MLS Number | :C14171514 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :11 Nov, 2026 (16 Hours ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Toronto |
|---|---|
| Postal Code | :
M2M 3Y6
|
| Price | : $1,588,000 |
|---|---|
| Property Taxes | :$7473.0 |
| Tax Year | :2025 |
|---|
| Bedrooms | :4 + 2 |
|---|---|
| No. of Rooms | :12 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Cross Street | :Bayview/Steeles |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Approx Square Footage | :1500-2000 sqft |
| Fireplace/Stove | :No |
| Virtual Tour | :Virtual Tour (External Link) |
| Kitchen | :2.0 m x 2.0 m |
|---|---|
| Living Room | :4.34 m x 4.26 m |
| Bedroom | :4.82 m x 3.81 m |
| Primary Bedroom | :4.02 m x 3.65 m |
| Bedroom | :3.31 m x 2.89 m |
| Bedroom 2 | :4.49 m x 3.0 m |
| Kitchen | :3.55 m x 3.4 m |
|---|---|
| Den | :2.33 m x 2.13 m |
| Kitchen | :2.7 m x 3.0 m |
| Bedroom 2 | :6.09 m x 3.43 m |
| Dining Room | :4.34 m x 3.65 m |
| Kitchen | :2.0 m x 2.0 m |
| Exterior Finish | :Aluminum Siding |
|---|---|
| Parking Space | :8 |
| Basement | :Finished |
| Garage | :Detached |
|---|---|
| Laundry Level | :Lower Level |
11 Nov, 2026
TREB #C14171514
Listed
$1588000.0
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