290 Sheppard Ave, Toronto

290 Sheppard Ave, Lansing-Westgate, Toronto M2N1N5

Backsplit 3, Detached House
8 Rooms Total, 1 Kitchen
6 Parking Spaces

50.06 x 125.16

Fenced Yard, Park, Place Of Worship, Public Transit
Finished, Full Basement
Brick Exterior

Don't Miss This Incredible Investment Opportunity In The Prime North York Area! This Rarely Offered Property On Sheppard Ave West, Just A Few Blocks West Of The Vibrant Yonge & Sheppard Corridor, Presents A Multitude Of Possibilities For Both End Users And Investors. For Those Looking To Embark On A Redevelopment Project, This Property Holds Immense Potential. With The Possibility Of Constructing A Stand-Alone Office Building Up To 6 Stories, You Can Capitalize On The Thriving Local Market. Additionally, The Current Building Can Be Renovated To Accommodate Various Uses, Providing Flexibility To Suit Your Specific Needs.The City Of Toronto Has Recently Introduced A New Secondary Plan For This Area, Highlighting Its Promising Future And Further Emphasizing The Significance Of This Investment Opportunity. For Investors Seeking Immediate Returns, This Property Holds Significant Income-Generating Potential. With The Ability To Produce An Estimated Rental Income Of $6,000 To $8,000 Per Month

**Zoning Amendment Application Has Been Approved For Application Proposes To Develop A 6 Storey Hotel Containing 38 Rooms With 6 Surface Parking Spaces At 290 Sheppard Avenue West.**

Pt Lt 3 Pl 2069 Twp Of York As In Tb862589

3-piece on 2nd level
2-piece on main level
3-piece on bsmt level