Etobicoke House For Sale - 151 Ascot Avenue, Etobicoke, ON M6E 1G5

151 Ascot Avenue, Etobicoke, ON M6E 1G5

$1,549,900
6 Beds 3 Baths 1500-2000 Sq.Ft.

Property Details

  • Type: Residential Freehold
  • Style: Detached
  • Area: 1500-2000 Sq.Ft.
  • Taxes: Contact Agent
  • MLS: #W12799232

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

Interested in this home?

Contact Victoria Brodsky for a private viewing.


Victoria Brodsky
Victoria Brodsky
Realtor in Etobicoke
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