There is an excellent selection of homes for sale in Cabbagetown.
After a slow summer with few listing, there is currently plenty of inventory in the neighbourhood.
There are options for everyone. From intriguing renovation projects, to beautiful updated historic homes. Not to mention a few multi-unit investment opportunities.
Opportunity to acquire a fully approved development site for 6 freehold townhomes, each on separately deeded lots. The site comes with architectural drawings and detailed renderings, offering a turnkey solution for immediate development. Additionally, theres potential for higher density through further approvals, with current zoning already allowing up to 15 dwelling units as-of-right. Each townhome spans approximately 2,000 square feet, with an option to increase to 2,400 square feet by eliminating the garages, offering flexible design and space optimization. --> Cleared Site, eliminating the need for costly and time-consuming demolition --> No tenants to evict and no rental replacement requirements, streamlining the development process --> Development Charge Savings, 4 development credits due to the previous duplexes on-site. Build 6 townhomes while paying development charges for only 2 units. No development charges if the site is converted to three 5-unit multiplexes --> Spacious lot dimensions: 15.58m x 37.18m (511 x 1220) -- Vendor Take-Back Mortgage Available --> Zoned and Site Plan Approved, can go straight to building permits --> Additional Potential: Build up to 15 units as-of-right, with support for higher density with additional approvals --> Proximity to Financial District --> Growth area and is seeing substantial development, including new residential, commercial, and mixed-use projects that are transforming the neighbourhood and upcoming Ontario Line TTC Subway Station only a 10-minute walk, Toronto Metropolitan University and the University of Toronto nearby.
Property Type:
Freehold
Freehold Type:
Vacant Land
Lot Size:
< .50
Depth:
120'3"36.7 m
Frontage:
51'4"15.6 m
Exposure:
West
Bedrooms:
0
Bathrooms:
0.0
Water supply:
Municipal
Possession Details:
Flexible
Taxes:
$14,488.55 /
2024
Assessment:
$- /
-
Moss Park
Included: Architectural drawings for 6 freehold townhomes with backyard and garage. 6 lots with individual PINS. Additional density can be achieved. Potential for CMHC funding options. Possible to buy one row of townhouses (3/6 lots).