151 Ascot Avenue, Toronto, ON M6E 1G5
Toronto W03, ON, M6E 1G5 · Corso Italia-Davenport
About this property
Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*
Features & Amenities
- Basement: Finished
- Garage: Detached
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 3 |
| Basement | Finished |
| Garage | Detached |
| Parking Spaces | 6 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $5,980 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Other
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Finished
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- Detached
- Parking Spaces
- 6
- Parking Total
- 9.00
- Parking Features
- Private
- Covered Spaces
- 3
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 120.00
- Lot Width
- 36.00
Financial & Tax
- Tax Annual Amount
- $5,980
- Tax Year
- 2025
- Possession Type
- 60-89 days
- Possession Details
- 60/90/tba
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 5
- Kitchens Above Grade
- 1
- Kitchens Total
- 3
- Bedrooms Above Grade
- 5
- Bedrooms Below Grade
- 1
Additional Details
- Occupant Type
- Owner
- Direction Faces
- North
- County Or Parish
- Toronto
- Cross Street
- Ascot and Harvie
- Directions
- Ascot and Harvie
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
151 Ascot Avenue, Toronto, ON M6E 1G5, Toronto W03, ON, M6E 1G5