185 Gerrard St E

Gerrard St E, Downtown Toronto, Toronto, ON, M5A 2E5

Beds

Baths

14056

Sq. Ft.

$3,995,000

List Price

Quick Summary

Approved development site with zoning variances
Prime location near downtown universities
Approved for 4-story, 28-unit residential building
Potential for higher density due to Avenues study
Architect already in place for the project
Approved for 14,056 sq.ft. gross floor area
Ideal for residential rental development
Centrally located near all Toronto amenities

Incredible small infill residential development site with approved variances from City Hall. This prime location is perfect for a smaller development, ready to move forward. Ideally suited for student housing due to its close proximity to downtown universities, this vacant land is centrally located near everything Toronto has to offer. Zoning is approved for a 4-story building with 28 units, with possible higher density allowed due to new Avenues study Toronto. An architect is already in place, having worked on the project from its inception. A fantastic opportunity for the right developer! The approved zoning provides for a four-storey, 28-unit, residential building with 14,056 GFA,(3.5 FSI)- ideal for residential rentals.

Property Details

Utilities

Water

Sewer

Other

Ownership Details

Ownership

Title

Freehold

Zoning

Taxes

Property Tax Year

2023-01-01

Property Tax Amount

$16,348.63

Source

Listing Brokerage

MLS® Listing

C8015986

Brokerage

HIGH POINT REALTY LIMITED

MLS® Listing

C8015986

Last Updated

January 24, 2025

Brokerage

HIGH POINT REALTY LIMITED

Call us 800-591-0566

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