***ATTENTION BUILDERS & INVESTORS*** Prime multi-unit development opportunity at 571 Oakwood Ave in the heart of vibrant Oakwood Village. Committee of Adjustment approved site for a 3-storey, 10-unit residential multiplex with 6 rooftop terraces, offering approx. 6,500 sq ft GFA on an 82' x 20' building footprint. Situated on a 25' x 110' lot along a major street within an MTSA, this property benefits from exceptional transit access with bus service at the door, a 3-minute walk to the Oakwood LRT station, and an 11-minute walk to Eglinton West subway station, plus close proximity to schools, parks, library, shops, and community amenities. Survey and committee-approved plans available, with all documentation to date to be provided by the seller. Site is shovel-ready, requiring only building permit submission. For savvy developers, there may be potential to pursue additional as-of-right density under the City of Toronto's evolving housing policies. Current designs project an estimated NOI of $232,500/year upon completion. A rare opportunity to deliver a mid-rise residential project in a high-demand, transit-oriented west-end location.
Address
571 Oakwood Avenue
List Price
$1,150,000
MLS® Status
New
Expiration Date
2026-04-08
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
Bungalow
Transaction Type
Sale
Area
Toronto C03
Sub-Area
Oakwood Village
Region
Toronto
Rooms Above Grade
1
Bathrooms
1
Floor Area
< 700 Sq. Ft.
Lot Depth
110
Lot Size Units
Feet
Lot Width
25
Occupant Type
Vacant
Cross Street
Eglinton & Oakwood
MLS® Number
C12676248
Listing Brokerage
ELEVATE REALTY INC.
Basement Area
Unfinished
Postal Code
M6E 2X6
Posession Details
Flex
Tax Amount
$3,845.84
Tax Year
2025
Interior Features
None
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
None
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Unknown
Garage
No
Garage Type
None
Pool Features
None
Roof
Unknown
Tax Legal Description
LT 54 PL 1637 TWP OF YORK; TORONTO (YORK) , CITY OF TORONTO
Waterfront
No
Sewer
Sewer
