464-468 Winona DR, Toronto C03, ON M6C 3T7
See all 2 photos
464-468 Winona DR, Toronto C03, ON M6C 3T7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 29,499,000
Est. payment /mo
Save
Active

464-468 Winona DR Toronto C03, ON M6C 3T7

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

Municipality Toronto C03

Subdivision Oakwood Village

MLS Listing ID C12554262

Annual Tax Amount $16,500

Tax Year 2025

Property Sub-Type Vacant Land

Lot Depth 303.0

Lot Front 71.0

Property Description

An exceptionally rare opportunity to acquire a premier development site in the heart of Midtown Toronto between Humewood and Cedarvale neighborhoods -one of the city's strongest and most resilient rental markets. The listing price includes Site Plan Approval (SPA) for the proposed 200-unit, 11-story rental development. PAC meetings' feedback and prepared Application Package suggest a short approval period. All seller's obligations related to SPA delivery will be detailed in the Agreement of Purchase and Sale. Offers may be made conditional on these final approvals, giving developers valuable certainty as the project moves toward completion of the planning process. Two independent appraisals have valued the land at about $25 million without approvals, reflecting its true highest and best use as a large-scale rental development. The proposed building aligns perfectly with CMHC's MLI Select program. The completed asset is expected to exceed $100 million in value with projected annual rental income of more than $5,500,000.Situated in a prime Midtown location surrounded by established high-demand rental buildings, the site benefits from strong municipal support for rental intensification as Toronto prioritizes new rental supply. The previously approved townhouse plan is no longer the highest and best use of the land, which is now optimized for a transformative multi-residential project. With near-zero vacancy in the area and robust demand for high-quality rental housing, this is a rare chance for forward-thinking developers to deliver a flagship rental asset in one of Toronto's most coveted neighbourhoods.

Location

Province ON

County Toronto

Community Toronto C03

Area Toronto

Rooms

Kitchen 0

Exterior

Waterfront Description None

Lot Frontage 71.0

Lot Depth 303.0

Building

Unit Features Park,Public Transit,School,School Bus Route

Others

ParcelsYN No

Listed by FOREST HILL REAL ESTATE INC.

NEARBY SCHOOLS & PROPERTIES

Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from The Seymour Team, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

464-468 Winona DR

TORONTO NEIGHBOURHOODS
There are 30 quick searches