2685 Midland Avenue, Toronto
- Price
- $3,880,000
- Type
- Detached
- Bedrooms
- 4+4
- Bathrooms
- 3
- Size
- 1500-2000
- Community
- Agincourt South-Malvern West
- City
- Toronto
- MLS®
- E14138002
About this property
Income Today Development Tomorrow! Attention Builders & Investors! Rare opportunity to acquire two adjoining deep lots in prime Agincourt: 2683 & 2685 Midland Ave, offering approximately 125 ft of combined frontage x 227 ft depth (28,395 sq ft/0.65 acres). Severance planning is underway for a proposed four-lot configuration, retaining both existing homes on Midland Ave and creating two additional lots fronting Havendale Rd. Proposed retained lots: 2685A (62.49 ft x 115 ft; approx. 7,186 sq ft) and 2683A (62.74 ft x 115 ft; approx. 7,215 sq ft). Proposed Havendale lots: 2685B and 2683B (each approx. 56 ft x 125 ft; appro 7,000 sq ft). Each newly created lot is estimated at $1M-$1.2M. Severance process is underway with an estimated 18-month timeline. All lot dimensions, values and development concepts are estimates, subject to survey, zoning, servicing and municipal approvals. Explore additional redevelopment potential under Toronto's EHON initiative, including up to six units in qualifying detached buildings under Ward 23 permissions, and townhouse or small-scale apartment options under the Major Streets framework, subject to eligibility and approvals. The two existing residential buildings offer a combined 18 bedrooms and 16 bathrooms, plus a separate draft beer and café room. Airbnb and international student accommodations generate reported average combined revenue of approximately $20,000/month. Four years of supporting income records available to qualified buyers. Seller…
Listing brokerage: KW Living Realty
Listing information is provided by PropTx Innovations Inc. for the Toronto Regional Real Estate Board (TRREB) IDX program, is deemed reliable but is not guaranteed accurate, and is intended for consumers’ personal, non-commercial use to identify properties they may be interested in purchasing or leasing. MLS®, REALTOR® and the associated logos are trademarks of The Canadian Real Estate Association.
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