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$ 1,549,900
Est. payment /mo
Active
151 Ascot AVE Toronto W03, ON M6E 1G5
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto W03
Subdivision Corso Italia-Davenport
MLS Listing ID W12799232
Style 2-Storey
Bedrooms 6
Annual Tax Amount $5,980
Tax Year 2025
Property Sub-Type Detached
Property Description
Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*
Location
Province ON
County Toronto
Community Toronto W03
Area Toronto
Rooms
Family Room No
Basement Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Other
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Garage Spaces 3.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 36.0
Lot Depth 120.0
Total Parking Spaces 9
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX WEST REALTY INC.