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$ 1,150,000
Est. payment | /mo
4 Beds
1 Bath
1,412 SqFt
$ 1,150,000
Est. payment | /mo
4 Beds
1 Bath
1,412 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1412
Square Footage 1,412 sqft
Price per Sqft $814
Subdivision 417 - Beechwood/University
MLS® Listing ID 40876342
Bedrooms 4
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Freehold
Property Description
Attention investors, builders and savvy parents! 269 Albert St. is one of the last sizeable lots with great frontage in this area that is developable on its own, with no land assembly required. Undeveloped parcels near the universities are few and far between, and most of what remains has already been bought up by developers for their own future projects. The value here is in the land, and the price is very attractive compared to recent sales of similar-size properties with comparable location and zoning. In the meantime, the existing 4-bedroom house works hard for you: rent it out and collect income until you're ready to redevelop, or buy it for your son or daughter and their friends while they're at school. Hold, rent, and watch your investment appreciate as development properties in this area become scarcer and harder to obtain. Opportunities with this proximity to the Universities are becoming fewer and more desirable as time goes by. (Supply and Demand). In Northdale, a residential development requires a minimum lot frontage of 65.6 feet (20 metres). Most Northdale lots have about 50 feet of frontage, which falls short of that requirement. That's what makes this lot so rare. With 80 feet of frontage, it's a true anomaly in the neighbourhood. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features Yes
View Y/N No
Attached Garage No
Total Parking Spaces 5
Garage Yes
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Re/Max Real Estate Centre Inc.
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