47 RANLEIGH AVENUE|Toronto (Lawrence Park North), Ontario M4N1X2

MLS Number: C12459638

Property Details: • Type: Multi-family • Ownership Type: N/A • Bedrooms: 6 + 2 • Bathrooms: 3 • Building Type: Duplex • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: Detached Garage, Garage • Parking Spaces: N/A

Description: 47 Ranleigh Avenue presents a fully approved redevelopment opportunity in the heart of one of Toronto's most established and transit-connected neighbourhoods. With City Council-approved zoning in place, this south-facing rare 34' x 191' foot lot is ready for the construction of a modern four-storey, 16-unit multiplex residential building. The proposed development aligns with Toronto's urban intensification strategy and includes sustainable site design with storm water management, thoughtfully planned landscaping and 13 bicycle parking spaces-supporting a transit-oriented, car-free lifestyle. Architectural drawings and renderings are available for review, and the approved plans provide a clear path forward for developer's seeking a turnkey in fill project in a high-demand area. While re-development plans move forward, the property continues to generate income through three self-contained rental units within a detached two-storey duplex and basement suite. The main and second floors each feature 3 bedrooms, a living room, dining room, eat-in kitchen, and 4-piece bathroom. The lower-level unit includes 2 bedrooms, a combined living and dining area, a full kitchen and large windows providing natural light. Additional features include three separate hydro meters, a fire alarm system, shared laundry with storage, a private driveway and a detached 3-car garage with ample surface parking. Located just steps from T.T.C., Yonge Street, and Bedford Park School, this property offers both short-term income and long-term value through approved redevelopment. (41443458)

Agent Information: • Agents: JOHN QURESHI; STEPHANIE FRANZEM • Contact: 416-505-4999; 647-500-2684 • Brokerage: HARVEY KALLES REAL ESTATE LTD.; HARVEY KALLES REAL ESTATE LTD. • Website: http://www.harveykalles.com/; http://www.harveykalles.com/

Time on Realtor: 3 days ago