469 Evans Avenue Toronto, Ontario M8W 2T6

$1,880,000

OPPORTUNITY KNOCKS!! This Great Property Features a Rare & OVERSIZED CORNER BUILDING LOT Currently Fronting on Evans Avenue in Highly Desired Toronto's Alderwood Community. Ideal for BUILDERS, DEVELOPERS, INVESTORS & End Users. Currently Zoned RM (U4 x 18) allows for various uses and possibilities. Potential to Severe into 3 or 4 Detached Building Lots, Severe into 2 Lots and Under the Multiplex By-law, construct a fourplex on each lot + a garden suite could also be developed on each lot in addition to the fourplexes. Evans Avenue is designated as a Major Street under the Major Streets By-law, so possible to incorporate a small apartment building with a maximum of 60 units and 6 storey's or townhomes and mixed-use building lots. Various options and possibilities for Buyers to determine their best use, design and value!! Bonus ** Immediate Cashflow Option Featuring a Beautiful Bungalow Home Owned by the Same Family for Over 54 Years, with just over 1340SF, 3 Bedrooms, 2.5 Baths, Open space layout, Full basement, Detached Garage and Beautiful Circular Driveway, the Home is in Pristine Condition & Can Be Easily Rented while working on development plans. Various New Home Build Projects Being Completed in the Area as Pocket Continues to Grow Rapidly with Great Resale Value on New Builds with Smaller Lots Selling for $ 1.8Mil+. All in Prime Neighbourhood with Great Schools, Parks, Shops & Restaurants, Sherway Gardens, Queensway Hospital & More. Commuters Dream with Quick Access to Major Highways QEW, Gardiner, 427, Long Branch Go Station & TTC Stops Right Across the Street. Truly a Great Property with Tons of Opportunity! (id:12481)

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https://www.realtor.ca/real-estate/28115002/469-evans-avenue-toronto-alderwood-alderwood