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$ 3,535,723
Est. payment | /mo
$ 3,535,723
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Municipality Toronto E03
Subdivision Broadview North
MLS Listing ID E12632770
Tax Year 2025
Property Sub-Type Investment
Property Description
Pre-construction purpose-built rental development in East York. 57 Westwood Ave is a fully designed seven-plex (six-unit detached multiplex with a self-contained rear garden suite), offered as a fixed-price construction opportunity conditional on the builder obtaining Development Permit and Building Permit approval. The proposed building consists of a three storey plus basement configuration with a mix of studio and larger residential units, together with a separate two-bedroom garden suite located at the rear of the property. The project has been designed with energy-efficient construction and CMHC MLI Select underwriting considerations in mind, providing a potential pathway to insured take-out financing upon stabilization, subject to CMHC program requirements, scoring, debt service coverage, and lender approval. No representation or warranty is made regarding CMHC eligibility or financing terms. Located in a well-established East York neighbourhood with strong rental fundamentals, proximity to transit, parks, schools, and local amenities. Intended for build-to-hold investors seeking long-term rental income and cost certainty through a fixed-price construction structure. Architectural drawings and additional information available upon request. Buyer to verify all permits, approvals, zoning compliance, construction terms, and financing eligibility. Appointment required before walking the site.
Location
Province ON
County Toronto
Community Toronto E03
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 30.0
Lot Depth 110.0
Others
ParcelsYN No
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
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