Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
Address
1563 Bathurst Street
List Price
$2,890,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto C03
Sub-Area
Forest Hill South
Region
Toronto
Bedrooms
6 + 2
Bedrooms (Total)
8
Rooms Above Grade
10
Rooms Below Grade
2
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Depth
104.09
Lot Size Units
Feet
Lot Width
60
Parcel Number
104660038
Occupant Type
Tenant
Cross Street
Bathurst And St. Clair
MLS® Number
C13077024
Listing Brokerage
HOMELIFE NEW WORLD REALTY INC.
Basement Area
Finished, Separate Entrance
Postal Code
M5P 3H8
Posession Details
TBD
Parking
Front Yard Parking
Parking Places (Total)
4
Parking Spaces
2
Tax Amount
$10,429.02
Tax Year
2025
Interior Features
Water Meter
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Water
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
Yes
Foundation Details
Unknown
Garage
Yes
Garage Type
Attached
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
Pt Lt 59 Pl 1688 Forest Hill As In Ct163952
Waterfront
No
Sewer
Sewer