29 Orton Park Rd, Toronto, M1G 3G2

Home Overview

Description

Developers & Investors Attention !!! Rare development opportunity in Morningside ! A current detached residential property with rezoning approval for a ***Fourplex, offering an excellent turnkey development potential. The property is currently tenant-occupied with tenancy ending on April 30, 2026. This site is perfect for developers or investors looking to build a legal multiplex in a strong high demand rental market, or end-users build your custom dream home, close to schools, UT Scarb. Centennial, parks, transit, Hwy 401. Zoning approval secured, allowing for efficient planning and project preparation. seller can assist with building permit acquisition at an adjusted price, allowing for an even faster path to a ready-to-build site. Don't miss this chance to acquire a property with upside potential in a high-demand area. ***Seller has architectural drawings and all required documents ready for building permit application, subject to buyer's design additions or revisions. Current drawings propose a fourplex with rear garden suites. The main fourplex, including basement, is approximately 5,500 sq. ft., and the garden suite with basement is approximately 1,400 sq. ft. In total, the design includes 15 rooms, each with its own private bathroom. Two front parking spaces subject to approval, or buyer may rent two on-street parking permits from the City.

11 days

On Market

Detached

Property Type

$3,500 / Year

Est. Taxes

Backsplit 3

Style

Carport

Garage

Finished

Basement