Jag Patel
Broker
$3,880,000
Available - For Sale
Listing ID: E14138016
2683 Midland Avenue , Toronto, M1S 1R8, Toronto
| Income Today Development Tomorrow! Attention Builders & Investors! Rare opportunity to acquire two adjoining deep lots in prime Agincourt: 2683 & 2685 Midland Ave, offering approximately 125 ft of combined frontage x 227 ft depth (28,395 sq ft/0.65 acres). Severance planning is underway for a proposed four-lot configuration, retaining both existing homes on Midland Ave and creating two additional lots fronting Havendale Rd. Proposed retained lots: 2685A (62.49 ft x 115 ft; approx. 7,186 sq ft) and 2683A (62.74 ft x 115 ft; approx. 7,215 sq ft). Proposed Havendale lots: 2685B and 2683B (each approx. 56 ft x 125 ft; appro 7,000 sq ft). Each newly created lot is estimated at $1M-$1.2M. Severance process is underway with an estimated 18-month timeline. All lot dimensions, values and development concepts are estimates, subject to survey, zoning, servicing and municipal approvals. Explore additional redevelopment potential under Toronto's EHON initiative, including up to six units in qualifying detached buildings under Ward 23 permissions, and townhouse or small-scale apartment options under the Major Streets framework, subject to eligibility and approvals. The two existing residential buildings offer a combined 18 bedrooms and 16 bathrooms, plus a separate draft beer and café room. Airbnb and international student accommodations generate reported average combined revenue of approximately $20,000/month. Four years of supporting income records available to qualified buyers. Seller willing to provide at least one year of transition and operational support on agreed terms. The property is being transformed into a beautiful European-style garden estate, offering established accommodation income and long-term investment potential. Close to schools, parks, shopping, transit, Agincourt GO and Hwy 401. Asking price includes both properties; separate purchases negotiable. |
| Price | $3,880,000 |
| Taxes: | $6100.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 2683 Midland Avenue , Toronto, M1S 1R8, Toronto |
| Postal Code: | M1S 1R8 |
| Province/State: | Toronto |
| Legal Description: | LT 7 PL 4021 SCARBOROUGH; TORONTO, CITY |
| Directions/Cross Streets: | Midland Ave & Havendale Rd |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 10.99 | 12.92 | Breakfast Bar, Stainless Steel Appl, Window |
| Room 2 | Main | Dining Ro | 11.58 | 11.41 | Laminate, Combined w/Living, Window |
| Room 3 | Main | Living Ro | 12.76 | 17.84 | Laminate, Combined w/Dining, Fireplace Insert |
| Room 4 | Main | Bedroom | 10.5 | 10.23 | Laminate, 3 Pc Ensuite, Window |
| Room 5 | Main | Bedroom | 9.91 | 10.76 | Laminate, 3 Pc Ensuite, Window |
| Room 6 | Main | Bedroom | 9.41 | 12.99 | Laminate, 3 Pc Ensuite, Window |
| Room 7 | Basement | Recreatio | 8.43 | 23.26 | Bar Sink |
| Room 8 | Basement | Bedroom | 11.25 | 12.17 | Laminate, Closet |
| Room 9 | Basement | Bedroom | 10.43 | 12.23 | Broadloom, Closet |
| Room 10 | Basement | Bedroom | 9.51 | 12.23 | Laminate, 3 Pc Ensuite |
| Room 11 | Basement | Bedroom | 12 | 11.58 | Laminate, 3 Pc Ensuite, Closet |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 2431.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 1 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| KW Living Realty |
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Jag Patel
Broker
Dir:
416-671-5246
Bus:
416-289-3000
Fax:
416-289-3008
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At a Glance:
| Type: | Com - Investment |
| Area: | Toronto |
| Municipality: | Toronto E07 |
| Neighbourhood: | Agincourt South-Malvern West |
| Tax: | $6,100 |
| Baths: | 1 |
| Fireplace: | N |
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