783 Spadina Road, Toronto, ON M5P 2X5
- $4,500,000
- 8
- BD
- 4
- BA
- 3,500
- SqFt
- List Price
- $4,500,000
- MLS#
- C13816452
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 2-Storey
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Toronto
- Area
- Toronto
- Neighborhood
- Forest Hill South
- Subdivision
- Spadina & Eglinton
Property Description
Attention Investors, Developers & Builders. An extraordinary opportunity in one of Toronto's most coveted neighbourhoods, Forest Hill South. Ideally positioned within a Priority Major Transit Station Area, this exceptional property offers significant future residential intensification potential. Set on a sprawling 60 ft x 293 ft lot, the property is uniquely positioned overlooking Toronto's famed Beltline Trail, with frontage on a designated major street supporting increased density. Development precedent has already been established on the street, with neighbouring properties successfully permitted for redevelopment. 783 Spadina offers a rare opportunity to acquire a 60-foot-wide parcel with exceptional depth, located within approximately 200 metres of the Caplin LRT Station, Eglinton shops, parks, top-ranked schools, transit and first class amenities. Currently configured as a turn-key legal fourplex, the property features four renovated 2-bedroom, 1-bathroom suites, along with garage and surface parking. This provides immediate income potential while allowing investors to explore the property's longer-term redevelopment possibilities. A rare opportunity to secure a substantial development parcel in a highly sought-after Toronto neighbourhood-an ideal hold today with the potential to create a generational long term investment. Don't Miss Out!
Additional Information
- Taxes
- $16,082
- Heat Type
- Water
- Heat Source
- Gas
- Air Conditioning
- Wall Unit(s)
- Family Room
- Yes
- Kitchens
- 4
- Exterior
- Brick
- Garage Spaces
- 4
- Garage Type
- Attached
- Pool
- None
- Parking Spaces
- 8
- Parking Type
- Private
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Listing courtesy of FREEMAN REAL ESTATE LTD..