Seller has provided the following update regarding the development status of the property. The municipal approval process was initiated over a year ago and has successfully progressed through the rigorous stages of city review, community guidelines compliance, and engineering checks. The application is now entering the final stage of approval. The submitted plans outline a highly optimized multi-generational or income-generating layout, featuring a spacious 2,900-square-foot of finished area of the main residence (4 bedrooms / 3.5 bathrooms) alongside a detached 1,200-square-foot Garden Suite (2-3 bedrooms). While the verbal approval of the main residence has been obtained, however the approval of the garden suite is in final stage of its approval that is expected to be granted sooner. This design maximizes the property's density.
Property Type:
Residential Freehold
Property Sub Type:
Vacant Land
Lot Size:
<.50
Lot Depth:
128'39 m
Lot Frontage:
25'7.62 m
Lot Shape:
Irregular
Direction Faces:
East
Bedrooms:
0
Bathrooms:
0.0
Kitchens:
0
Fractional Ownership:
No
Zoning:
Residential
Assignment:
No
Possession Details:
ASAP
Lot Irregularities:
131.42 x 31.40 ft x 127.78 ft x 31.90 ft
HST Applicable To Sale Price:
Included In
Assessment Year:
2025
Development Charges Paid:
No
Taxes:
$5,037 /
2026
Assessment:
$- /
2025
Toronto
Toronto E02
Woodbine Corridor
With the bulk of the administrative timeline and city backlogs already cleared, the project is uniquely positioned for a smooth transition into the construction phase in the near future. Seller will be happy to share the architect designs, survey and all necessary documents upon receiving a serious enquiries.
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