9 EAST ROAD

About this property

Attention Investors, Builders & Developers! A once-in-a-lifetime opportunity to acquire a 50' x 100' double lot in the highly sought-after Birch Cliff neighbourhood. This exceptional property offers incredible development potential in an A+ Toronto location. This property had already been approved for two detached homes, providing a clear development path. Explore the potential for two stunning custom-built residences or alternative multi-unit development opportunities, subject to all applicable approvals.With the potential to achieve up to 3 stories, there may be significant opportunity to maximize the site's development potential. Investors and developers can also explore Toronto's Development Charge Reduction Program (DCRP), which may provide substantial savings on applicable development charges, potentially reducing costs by up to 60%, subject to eligibility and current program requirements. Located in one of Toronto's most desirable east-end communities, steps to schools, restaurants, the coveted Toronto Hunt Club, this rare double lot offers an outstanding combination of land, location, flexibility, and upside. The Existing Home Has 4 Bedrooms and a separate basement apartment with 2 bedrooms, currently fully tenanted. With a huge driveway fitting up to 8 cars. Providing a great tool for carrying costs. A rare development opportunity in Birch Cliff that should not be missed! (id:66779)