930, Albion, Thistletown-Beaumonde Heights, Toronto, Commercial
- 55614 SQFT
Description
Commercial Land For Sale.
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.
Cross Street: Islington and Albion
Key Facts
- Days on: 8 days
- Mls Status: New
- Lot Type: Lot
- Lot Width: 186.49
- Building Area Total: 55613 Square Feet
- Lot Size Area: 16466 Square Feet
Location 930, Albion, Thistletown-Beaumonde Heights, Toronto
Search by Neighbourhoods