$2,458,000

For sale

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290 Sheppard Avenue West, Toronto (Lansing-Westgate) - Single Family for Sale

290 Sheppard Avenue West, Toronto (Lansing-Westgate), Ontario, M2N1N5

beds

39 Romney Road, Toronto (Lansing-Westgate), Ontario, M3H1H4

6 bd5 ba3 pk2,750 ft²Lot size 49 × 125 ft (6,125 sq ft)

Listed by RE/MAX REALTRON BARRY COHEN HOMES INC.

125 Sandringham Drive, Toronto (Lansing-Westgate), Ontario, M3H1E2

For saleJust listed

3 days ago

$5.50M

125 Sandringham Drive, Toronto (Lansing-Westgate), Ontario, M3H1E2

7 bd6 ba6 pk5,000 ft²Lot size 91 × 125 ft (11,375 sq ft)

Listed by SUTTON GROUP-ADMIRAL REALTY INC.

47 Harlandale Avenue, Toronto (Lansing-Westgate), Ontario, M2N1N9

For sale

8 days ago

$1.89M

47 Harlandale Avenue, Toronto (Lansing-Westgate), Ontario, M2N1N9

8 bd4 ba7 pk1,300 ft²Lot size 50 × 118 ft (5,885 sq ft)

Listed by RE/MAX REALTRON BIJAN BARATI REAL ESTATE

63 Franklin Avenue, Toronto (Lansing-Westgate), Ontario, M2N1B8

For sale

8 days ago

$2.10M

63 Franklin Avenue, Toronto (Lansing-Westgate), Ontario, M2N1B8

5 bd5 ba3 pk2,250 ft²Lot size 25 × 128 ft (3,200 sq ft)

Listed by KELLER WILLIAMS REFERRED URBAN REALTY

Investment analysis

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$2,458,000

Toronto

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50 × 125 ft (6,273 sq ft) lot size

Overview

This 4-bedroom, 3-bathroom home in Toronto is for sale offering roughly 2,750 sq ft of space. It has been on the market 41 days, fresher than the Toronto average of 87 days.

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Description

Rare Redevelopment Opportunity At 290 Sheppard Ave W In Prime North York! Excellent Site For Investors, Builders And Developers Seeking A Boutique Mid-Rise Residential Development Opportunity Along The Sheppard Corridor. Approximately 6,250 Sq. Ft. Lot With Excellent Sheppard Ave W Frontage And Existing Zoning Framework Supporting A 6-Storey Development With An FSI Of Approximately 2.5. Conceptual Residential Design Illustrates The Potential For An Approximately 38-Unit Boutique Hotel Residence, Subject To Required Municipal Site Plan Approvals. Minutes To Yonge & Sheppard, Subway, Hwy 401, Shopping, Restaurants, Schools And Neighbourhood Amenities. Existing Architectural And Development Materials Available For Review. Residential Rendering Is Conceptual Only. Buyer To Conduct Their Own Due Diligence And Verify All Zoning, Density, Uses And Development Potential.**** Commercial uses permitted in CR include things such as Office, Medical Office, Financial Institution, Personal-Service Shop, Wellness Centre, Art/Artist Studio, Education uses and other commercial/community uses; **** (id:66096)

Property Details

MLS®: C13832614
Property Type: Single Family
Zoning: COMMERCIAL
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 8
Interior Size: 2,750 ft²
Lot Size: 50 × 125 ft (6,273 sq ft)
Frontage: 50 ft
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $26,843.29/yr
Listed: 41 days ago

Features

Foundation: Unknown
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Toronto (Lansing-Westgate) listings, avg age

87d

Price / ft²

$894

List price

$2.46M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 4-bed single family in Toronto (Lansing-Westgate) has been listed for 41 days, which is 46 days fresher than the city average of 87. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · Patrick Posh

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M2N)

This home lists at $2,458,000, about 30.0× the local median household income of $82,000.

Carrying it typically needs a household income of about $480,133 (20% down, 25-yr amortization, stress-tested) — roughly 486% above the area median.

Median household income: $82,000
Population: 75,100
Median age: 38
Owner / renter: 59% / 41%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA M2N)

$2,458,000· $894/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $491,600

Min 20%50%

Mortgage payment$10,483/mo

Property tax (est.)$2,237/mo

Total monthly$12,720

Cash Needed to Close

Down payment (20%)$491,600

Land transfer tax$95,850

Est. closing costs$9,874

Total cash needed$597,324

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice