290 Sheppard Ave W, Toronto
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290 Sheppard Ave W

Toronto, Lansing-Westgate
Cross St: Yonge/Sheppard/Bathurst
Detached | Backsplit 3 | Freehold

$2,888,000/ For Sale

Taxes : $25,559/2023
Bed : 4 | Bath : 3
Kitchen: 1

Details | 290 Sheppard Ave W

Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month

**Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**

Property Details:
  • HOOD : Lansing-Westgate
  • Approx. Age : N/A
  • Lot : 50.06 x 125.16 Feet
  • Fronting On : N
  • MLS #: C8097970
  • Pool : None
  • Taxes : $25,559 / 2023
  • Zoning : COMMERCIAL
  • Exterior : Brick
  • Water : Municipal
  • Sewer : Sewers
  • Amenities Nearby : Fenced Yard, Park, Place Of Worship, Public Transit,
  • Building Details:
  • Sqft : N/A
  • Bedroom : 4
  • BATH : 3
  • KITCHEN : 1
  • FAMILY ROOM : N
  • BASEMENT : Finished/Full
  • GARAGE : Detached/2.0
  • PARKING SPACES : 6
  • HEATING : Forced Air/Gas
  • A/C : Central Air
  • FIRE PLACE : N
  • Room Details:

    Room Level Length (m) Width (m)

    Listed By: RE/MAX REALTRON REALTY INC.

    More Info / Showing:
    Or call me directly at (416) 886-6703
    KAZI HOSSAIN
    Sales Representative
    Right At Home Realty Inc.
    "Serving The Community For Over 17 Years!"
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