Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56,000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1,200,000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage. (id:52316)
RIGHT AT HOME REALTY
$6,888,000
930 ALBION ROAD, Toronto, Ontario
Property
MLS® Number: W12233250
Address: 930 ALBION ROAD
City: Toronto
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Property Sale History
Travel and Neighbourhood
84/100Walk Score®
Very Walkable
Location
