Description

Property can be tenanted on closing to hold with cashflow. Exceptional investment and redevelopment opportunity in the heart of Etobicoke, with potential for land assembly allowing for larger-scale future development. This strategically located property offers strong medium-density redevelopment potential, with preliminary indications supporting up to six storeys (buyer to verify). Over $300,000 has been invested in extensive recent renovations, providing an ideal turnkey asset for investors, end-users, or those seeking interim rental income while pursuing future development plans. The property features high 9-12 ft cathedral ceilings, a modernized kitchen, and three upgraded washrooms, combining functionality with quality finishes. Significant capital improvements include a new sewer line (2024), upgraded 200-amp electrical service, and copper plumbing throughout. The expansive newly paved driveway accommodates 10+ vehicles and is enhanced by a detached garage and secure gated access, offering excellent utility for commercial or mixed-use applications. Positioned in a highly accessible location near Kipling Station, Sherway Gardens, and major GTA highways, this property presents a rare opportunity to acquire a well-maintained asset with immediate usability and substantial long-term redevelopment potential.

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