740 Sheppard Ave W - Apartments FOR SALE


Toronto, ON M3H 2S8
$5,950,000 CAD
416-777-2200
740 Sheppard Ave W, Toronto, ON for Sale
$5,950,000 CAD
Apartments - FOR SALE
1/1
null | Request Cap Rate

740 Sheppard Ave W
Toronto, ON M3H 2S8


OVERVIEW

Situated in the sought-after Bathurst Manor neighbourhood, the Property comprises vacant, shovel-ready land with a site area of 18,855 square feet (0.43 acres). The Property has been approved for Official Plan and Zoning By-law Amendments, with a Site Plan Application currently under review. The approved development consists of a 9-storey, 70-unit mixed-use building with a total of 59,430 square feet of buildable GFA, and 71 parking spaces across two levels of underground parking. The development would also have approximately 1,670 SF of ground floor retail space. The Property offers connectivity and access to amenities; it is in close proximity (1.5 km away) to the Sheppard West TTC subway station and near major transportation routes including Highway 401 and Allen Road. Additionally, the nearby Downsview Park GO station enhances commuting options, with Union Station being one stop away. Shopping malls such as Yonge-Sheppard Centre and Yorkville Mall are in the Property’s vicinity, both with a wide range of retail stores and dining options. Additionally, York University is a 15 minute drive away from Property. The area features numerous parks, recreational facilities, and a range of amenities offering a convenient lifestyle. This Property is well-positioned for development, offering the chance to create a mid-rise residential project in a highly desirable location, with approvals in place. Its strategic location, combined with excellent connectivity and access to amenities, makes it an attractive opportunity for both homeowners and investors alike.

FOR SALE DETAILS

PRICE

$5,950,000 CAD

PRICE/SF

$85 CAD /SF

# OF UNITS

70

PRICE/UNIT

$85,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

9

YEAR BUILT

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

0.54 AC

LAND SF

23,322 SF

ZONING

-

APN/PARCEL ID

190805413001850

ASK ABOUT THIS PROPERTY

Steve KeyzerColliersMore Info
416-777-2200

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Steve KeyzerColliersMore Info
416-777-2200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.