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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. Appointment required before walking the site.
Location
Province ON
County Toronto
Community Toronto E03
Area Toronto
Zoning RS (f10.5; a325; d0.75) (x312)
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 30.0
Lot Depth 110.0
Others
ParcelsYN No
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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA
Nearby School & Business
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