An exceptional residential development opportunity in North York, located at 240-242 Finch Avenue West. The Property features approved plans for a four-storey, purpose-built rental building comprising 41 residential units and approximately 26,339 SF of gross floor area. With a boutique development scale, the Property offers an attractive opportunity for residential developers seeking a manageable investment with potential for future value creation. Developers may also explore opportunities to increase density and gross floor area, subject to municipal approvals. Offered through a court-appointed receivership, this opportunity is well suited to developers seeking to expand their residential portfolio in Toronto.
Address
240-242 Finch Avenue W
List Price
$3,900,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Land
Transaction Type
Sale
Area
Toronto C07
Sub-Area
Newtonbrook West
Region
Toronto
Lot Size Source
GeoWarehouse
Lot Depth
110.43
Lot Type
Lot
Lot Size Units
Feet
Lot Width
130
Parcel Number
101590239
Total Building Area
26339
Occupant Type
Vacant
Cross Street
Finch Ave W & Bathurst St
MLS® Number
C14141080
Listing Brokerage
COLLIERS
Postal Code
M2R 1M7
Posession Details
Immediate
Tax Amount
$13,673.49
Tax Year
2026
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Tax Legal Description
240: PT LT 182 PL 4259 NORTH YORK AS IN TB523834; TORONTO (N YORK), CITY OF TORONTO SUBJECT TO AN EASEMENT AS IN AT6610712 242: PT LT 181 PL 4259 NORTH YORK AS IN NY780030; CITY OF TORONTO SUBJECT TO AN EASEMENT AS IN AT6610712
Sewer
Sanitary+Storm