Pre-construction purpose-built rental development in East York. 57 Westwood Ave is a fully designed seven-plex (six-unit detached multiplex with a self-contained rear garden suite), offered as a fixed-price construction opportunity conditional on the builder obtaining Development Permit and Building Permit approval. The proposed building consists of a three storey plus basement configuration with a mix of studio and larger residential units, together with a separate two-bedroom garden suite located at the rear of the property. The project has been designed with energy-efficient construction and CMHC MLI Select underwriting considerations in mind, providing a potential pathway to insured take-out financing upon stabilization, subject to CMHC program requirements, scoring, debt service coverage, and lender approval. No representation or warranty is made regarding CMHC eligibility or financing terms. Located in a well-established East York neighbourhood with strong rental fundamentals, proximity to transit, parks, schools, and local amenities. Intended for build-to-hold investors seeking long-term rental income and cost certainty through a fixed-price construction structure. Architectural drawings and additional information available upon request. Buyer to verify all permits, approvals, zoning compliance, construction terms, and financing eligibility. Appointment required before walking the site.
Address
57 Westwood Avenue
List Price
$3,535,723
MLS® Status
New
Expiration Date
2026-09-26
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto E03
Sub-Area
Broadview North
Region
Toronto
Lot Depth
110
Lot Type
Lot
Lot Size Units
Feet
Lot Width
30
Occupant Type
Vacant
Cross Street
Broadview/Mortimer
MLS® Number
E12632770
Listing Brokerage
SOTHEBY'S INTERNATIONAL REALTY CANADA
Postal Code
M4K 2A7
Posession Details
January 2027
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
LT 32 PL 1517 TWP OF YORK; TORONTO (E YORK) , CITY OF TORONTO
