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$ 3,499,000
Est. payment /mo
Active
185 Gerrard ST E Toronto C08, ON M5A 2E5
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Moss Park
MLS Listing ID C12229390
Annual Tax Amount $16,348
Tax Year 2024
Property Sub-Type Vacant Land
Lot Depth 150.22
Lot Front 30.49
Property Description
Power of sale residential development opportunity in the vibrant Garden District. This vacant 4,050 sq. ft. lot comes with approved zoning and a minor variance allowing for the construction of a four-storey, 28-unit residential building totaling 14,328 sq. ft. of gross floor area. The proposed development includes a green roof, rooftop amenity space, and bike storage areas, with no requirement for vehicular parking. Ideally situated in the Moss Park neighborhood, the property boasts a 97 Walk Score, offering convenient access to TTC transit, Allan Gardens, universities, hospitals, shops, and restaurants. The surrounding area features a mix of heritage homes, mid-rise buildings, and new infill developments, making this site especially appealing for student housing or micro-suite rentals. This is an excellent opportunity for developers looking to invest in Toronto's downtown intensification.
Location
Province ON
County Toronto
Community Moss Park
Area Toronto
Rooms
Kitchen 0
Interior
Interior Features None
Exterior
Waterfront Description None
Lot Frontage 30.49
Lot Depth 150.22
Listed by VANGUARD REALTY BROKERAGE CORP.