1122 Islington Avenue, Toronto, ON M8Z 4S2

Toronto W08 M8Z 4S2 Ontario

MLS: W12209172

$2,950,000

Added 1 day ago | For Sale

Listed by: COLLIERS

About Property

Strategic land opportunity in the heart of Etobicoke's rapidly intensifying Islington City Centre West. Prime corner lot measuring 67.48 ft by 131.43 ft (8,869 SF) offers immediate development potential in a high-demand residential market. Current application in progress for the construction of 7 luxury townhomes, with a total proposed gross floor area of 14,863 SF. Site Plan Approval expected to be granted by end of August 2025.Existing income on the property from the residential tenant in place offers the opportunity to investors or developers interested in pursuing a larger development, with as-of-right zoning allowing 6 storeys and up to 60 units subject to City approval .With an ideal balance of accessibility and suburban appeal, the site offers a turnkey development option with significant upside perfect for boutique and infill developers seeking value.

Features

  • House Style:Land
  • Bathrooms:
  • Land Size: 67.48 X 131.43
  • Water:Municipal
  • Garage Spaces: /
  • Driveway:
  • Heating Fuel:
  • Cross Street:Islington and Bloor
  • Basement: ,
  • Possession Date:Immediately
  • Annual Property taxes: $9150.77
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:W12209172

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