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More details for 740 Sheppard Ave W, Toronto, ON - Multifamily for Sale

740 Sheppard Ave W

Toronto, ON M3H 2S8

  • Multifamily for Sale
  • $5,950,000 CAD
  • 69,901 SF

Toronto Multifamily for Sale - North Toronto

Situated in the sought-after Bathurst Manor neighbourhood, the Property comprises vacant, shovel-ready land with a site area of 18,855 square feet (0.43 acres). The Property has been approved for Official Plan and Zoning By-law Amendments, with a Site Plan Application currently under review. The approved development consists of a 9-storey, 70-unit mixed-use building with a total of 59,430 square feet of buildable GFA, and 71 parking spaces across two levels of underground parking. The development would also have approximately 1,670 SF of ground floor retail space. The Property offers connectivity and access to amenities; it is in close proximity (1.5 km away) to the Sheppard West TTC subway station and near major transportation routes including Highway 401 and Allen Road. Additionally, the nearby Downsview Park GO station enhances commuting options, with Union Station being one stop away. Shopping malls such as Yonge-Sheppard Centre and Yorkville Mall are in the Property’s vicinity, both with a wide range of retail stores and dining options. Additionally, York University is a 15 minute drive away from Property. The area features numerous parks, recreational facilities, and a range of amenities offering a convenient lifestyle. This Property is well-positioned for development, offering the chance to create a mid-rise residential project in a highly desirable location, with approvals in place. Its strategic location, combined with excellent connectivity and access to amenities, makes it an attractive opportunity for both homeowners and investors alike.

Contact:

Colliers

Property Subtype:

Apartment

Date on Market:

2024-11-11
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