Approved COA severance for two 2000sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus basement apartment and very rare approved front pad parking. Heavy lifting is done, can apply for building permit, see attached plans. Great basement income/intergenerational living (adult kids, seniors) for end user or excellent rental income location for multiplex investor. Potential for up to 4 units per semi as of right, no committee of adjustment necessary. Property will qualify for MLI Select financing, which can potentially finance up to 95% loan to cost at excellent interest rates on 50yr amortization (allowing investor to recoup all or most of their investment upon completion with positive cash flow) Property was updated a few years ago and is currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35 ft frontage. Excellent school district, close to subway station and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning by-laws and approvals to their own satisfaction. (id:52316)
REAL ESTATE HOMEWARD
$1,249,000
322 COSBURN AVENUE, Toronto, Ontario
2 Bedrooms
1 Bathroom
Property
MLS® Number: E12450024
Address: 322 COSBURN AVENUE
City: Toronto
Style: Bungalow
Exterior: Brick
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 2
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Property Sale History
Travel and Neighbourhood
88/100Walk Score®
Very Walkable
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Location
