$1,649,900
Toronto
64 King Street, Toronto (Weston), Ontario, M9N1L3
This multi-family property in Toronto is for sale. It has been on the market 25 days, fresher than the Toronto average of 66 days.
**Development Opportunity - Attention Builders & Investors!** Rare opportunity to acquire a generously sized 106' x 160' lot in a highly desirable neighbourhood with strong market demand. Building permit approved, allowing you to move forward with your development plans without unnecessary delays. The approved design is for a 4-unit apartment development with a potential gross liveable area of approximately 7,770.2 sq. ft. **Approved Unit Layout:** - 3 units feature 3 bedrooms, 2 full bathrooms, kitchen and living area. 1 Unit features 2 bedrooms, 2 full bathrooms, kitchen, and living area. JUST NEEDS THE FINAL TOUCHES - BRING THE VISION TO LIFE. All major construction work is complete, with full rough ins already in place. High end tiles and flooring are on site and ready for installation, allowing buyers or builders to finish the space exactly to their taste. A rare opportunity to step into a nearly completed project in a prime Toronto location and customize the final details.This property presents an exceptional opportunity for builders, developers, and investors seeking a project with approved permits, substantial buildable area, and strong income potential. Ideal for new construction, redevelopment, or long-term investment in a sought-after location. **Key Highlights:** - 106' x 160' Lot - Building Permit Approved - 4-Unit Apartment Development - Potential Gross Liveable Area: 7,770.2 Sq. Ft. - Excellent Development & Investment Potential - Prime, High-Demand Location An excellent opportunity to bring an approved development project to life and capitalize on strong demand in the area. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 25 days on market, against an average age of 66 days across the listings currently for sale in this city
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.
This 16-bed multi-family in Toronto (Weston) has been listed for 25 days, which is 41 days fresher than the city average of 66. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,649,900, about 23.7× the local median household income of $69,500.
Carrying it typically needs a household income of about $322,283 (20% down, 25-yr amortization, stress-tested) — roughly 364% above the area median.
Source: Statistics Canada, 2021 Census (FSA M9N)
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