930 ALBION ROAD

Toronto (Thistletown-Beaumonde Heights)

,

Ontario

Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56,000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1,200,000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage. (id:6355)

Listing ID: W12233250 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size Total Text: 186.49 x 78 FT ; irregular Land Size Irregular: 186.49 x 78 FT ; irregular Building Size Interior: 55613 sqft Building Utility Water: Municipal water Building Heating Type: Building Cooling Type: Building Fixture: Land Sewer: Storage Type: Courtesy Of: RIGHT AT HOME REALTY

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Community: Thistletown-Beaumonde Heights

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