47 RANLEIGH AVENUE

Toronto (Lawrence Park North), ON M4N1X2

47 Ranleigh Avenue presents a fully approved redevelopment opportunity in the heart of one of Toronto's most established and transit-connected neighbourhoods. With City Council-approved zoning in place, this south-facing rare 34' x 191' foot lot is ready for the construction of a modern four-storey, 16-unit multiplex residential building. The proposed development aligns with Toronto's urban intensification strategy and includes sustainable site design with storm water management, thoughtfully planned landscaping and 13 bicycle parking spaces-supporting a transit-oriented, car-free lifestyle. Architectural drawings and renderings are available for review, and the approved plans provide a clear path forward for developer's seeking a turnkey in fill project in a high-demand area. While re-development plans move forward, the property continues to generate income through three self-contained rental units within a detached two-storey duplex and basement suite. The main and second floors each feature 3 bedrooms, a living room, dining room, eat-in kitchen, and 4-piece bathroom. The lower-level unit includes 2 bedrooms, a combined living and dining area, a full kitchen and large windows providing natural light. Additional features include three separate hydro meters, a fire alarm system, shared laundry with storage, a private driveway and a detached 3-car garage with ample surface parking. Located just steps from T.T.C., Yonge Street, and Bedford Park School, this property offers both short-term income and long-term value through approved redevelopment. (id:31684)

Listing courtesy of: JOHN QURESHI of HARVEY KALLES REAL ESTATE LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.