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4 Beds

5 Baths

New

185 Steeles AVE E Toronto, ON M2M 3Y6

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James Benson

james@jamesbensongroup.com +1(647) 494-3143

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Municipality Toronto C14

Subdivision Newtonbrook East

MLS Listing ID C14171514

Style 1 1/2 Storey

Bedrooms 4

Annual Tax Amount $7,473

Tax Year 2025

Property Sub-Type Detached

Property Description

**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*

Location

Province ON

County Toronto

Community Toronto C14

Area Toronto

Rooms

Family Room No

Basement Finished, Separate Entrance

Kitchen 5

Separate Den/Office 2

Interior

Interior Features Storage

Cooling Central Air

Inclusions All exsisting appliances AS IS

Exterior

Parking Features Private

Garage Spaces 1.0

Pool None

Roof Type Shingles

Lot Frontage 67.0

Lot Depth 120.75

Total Parking Spaces 8

Building

Foundation Concrete

Others

Senior Community Yes

ParcelsYN No

Virtual Tour https://drive.google.com/drive/folders/1-AG1pgX3NPAQ0zYxCyPCwulrJqyFhEJt?usp=drive_link

Listed by RE/MAX REALTRON REALTY INC.

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James Benson

Broker License ID: 9533313

+1(647) 494-3143

185 Steeles AVE E Toronto, ON M2M 3Y6

James Benson

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEIGHBORHOODS

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185 Steeles AVE E

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