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Listed by Re/Max Realtron Realty Inc..
290 Sheppard Avenue W is a Detached, Backsplit 3 and is currently for Sale @ $2,888,000. Taxes in 2023 were $25,558.54.
More homes for sale under 2.9M in Toronto
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. The Backsplit 3 on 290 Sheppard Avenue W has 4 bedrooms, 3 bathrooms, and is located on a 125.16 x 50.06 ft lot in the community of Lansing-Westgate . 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.**
The address 290 Sheppard Avenue W was listed for sale (MLS# C8097970) on Wednesday, February 28, 2024.
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| List Date | List Price | Last Status | Sold Date | Sold Price | Days On Market |
|---|---|---|---|---|---|
| 0000-00-00 | $00000 | Sld | N/A | N/A | |
| 0000-00-00 | $00000 | Sld | N/A | N/A | |
| 0000-00-00 | $00000 | Exp | N/A | N/A | N/A |
| 0000-00-00 | $00000 | Sld | N/A | N/A | |
| 0000-00-00 | $00000 | Sld | N/A | N/A | |
| 0000-00-00 | $00000 | Sld | Apr 18, 2005 | $829,000 |
4
4
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50.06 x 125.16 ft lot
