290 Sheppard Avenue W
Lansing-Westgate, Toronto
$2,458,000
Rare Redevelopment Opportunity At 290 Sheppard Ave W In Prime North York! Excellent Site For Investors, Builders And Developers Seeking A Boutique Mid-Rise Residential Development Opportunity Along The Sheppard Corridor. Approximately 6,250 Sq. Ft. Lot With Excellent Sheppard Ave W Frontage And Existing Zoning Framework Supporting A 6-Storey Development With An FSI Of Approximately 2.5. Conceptual Residential Design Illustrates The Potential For An Approximately 38-Unit Boutique Hotel Residence, Subject To Required Municipal Site Plan Approvals. Minutes To Yonge & Sheppard, Subway, Hwy 401, Shopping, Restaurants, Schools And Neighbourhood Amenities. Existing Architectural And Development Materials Available For Review. Residential Rendering Is Conceptual Only. Buyer To Conduct Their Own Due Diligence And Verify All Zoning, Density, Uses And Development Potential.**** Commercial uses permitted in CR include things such as Office, Medical Office, Financial Institution, Personal-Service Shop, Wellness Centre, Art/Artist Studio, Education uses and other commercial/community uses; ****
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| Type | Detached |
| Style | Backsplit 5 |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $26,843 |
| Lot Size | 50.06 ft x 125.16 ft |
| mls© Number | C13832614 |
| Listed By | ROYAL LEPAGE SIGNATURE REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $12,581
- Property tax
- $2,237
- Heat allowance
- $150
- Housing costs
- $14,968 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$461,000
gross annual household income
- Payment at 4%
- $10,344 / mo
- Cash down
- $491,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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