Get the early jump on your spring build project with a rare, near-ready opportunity in a prime urban pocket. A 36 x 120 ft lot with severance approaching final completion for two 18 x 120 ft lot, unlocking the path for serious density and long-term value creation. *Plans for two fourplexes plus a laneway suite for each unit delivers five rentable units per lot and a powerful multi-unit footprint once the process is finalized.* The existing dwelling remains in clean, livable, and in rentable condition, offering immediate holding income while you prepare for the next phase. A scale of opportunity rarely available in this pocket. A strategic buy with rare multi-unit opportunity nearing the finish line and ready for its next chapter, the groundwork is already laid fora custom builder or investor looking to maximize density and appreciation. *Property currently provides strong rental income with a cap rate of 4.5-4.7% which unheard of on a redevelopment lot with efficient drawings ready to go! Property consists of 3 units plus garage with Approximately $6,912.50, per month with tenants paying their proportionate share of utilities, providing options to keep these very efficient drawings and build now or in a few years as market sets to rebound.*
Address
151 Ascot Avenue
List Price
$1,549,900
MLS® Status
New
Expiration Date
2026-07-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto W03
Sub-Area
Corso Italia-Davenport
Region
Toronto
Bedrooms
5 + 1
Bedrooms (Total)
6
Rooms Above Grade
5
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Depth
120
Lot Size Units
Feet
Lot Width
36
Occupant Type
Owner
Cross Street
Ascot and Harvie
MLS® Number
W12799232
Listing Brokerage
RE/MAX WEST REALTY INC.
Basement Area
Finished
Postal Code
M6E 1G5
Posession Details
60/90/tba
Parking
Private
Parking Places (Total)
9
Parking Spaces
6
Tax Amount
$5,980.00
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
No
Garage Type
Detached
Covered Spaces
3
Kitchens Total
3
Kitchens Above Grade
1
Kitchens Below Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 26 BLK B PL 918 WYCHWOOD BRACONDALE DOVERCOURT; TORONTO , CITY OF TORONTO
Waterfront
No
Sewer
Sewer