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$ 3,499,000
Est. payment /mo
New
185 Gerrard ST E Toronto C08, ON M5A 2E5
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Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Moss Park
MLS Listing ID C12229390
Annual Tax Amount $16,348
Tax Year 2024
Property Sub-Type Vacant Land
Property Description
Power of sale residential development opportunity in the vibrant Garden District. This vacant 4,521 sq. ft. lot comes with approved zoning and a minor variance allowing for the construction of a four-storey, 28-unit residential building totaling 14,328 sq. ft. of gross floor area. The proposed development includes a green roof, rooftop amenity space, and bike storage areas, with no requirement for vehicular parking. Ideally situated in the Moss Park neighborhood, the property boasts a 97 Walk Score, offering convenient access to TTC transit, Allan Gardens, universities, hospitals, shops, and restaurants. The surrounding area features a mix of heritage homes, mid-rise buildings, and new infill developments, making this site especially appealing for student housing or micro-suite rentals. This is an excellent opportunity for developers looking to invest in Toronto's downtown intensification.
Location
State ON
County Toronto
Community Moss Park
Area Toronto
Zoning R (d1.0)(x865)(ZAP)
Rooms
Kitchen 0
Interior
Interior Features None
Exterior
Lot Frontage 14.45
Lot Depth 150.22
Others
Senior Community No
Listed by VANGUARD REALTY BROKERAGE CORP.