Must be sold with MLS#E12042299 (874 Eastern Ave.) Incredible opportunity for builders, investors & those who see the future potential of a neighbourhood before the rest. Welcome to 874/876 Eastern Ave, neighbour to the future development at 880 Eastern, where 200+ new homes will be built immediately next door. This is an amazing opportunity to take advantage of a new vertical community right next door, building your dream mixed-use or residential building before they move in! Reimagine both sides of this semi-detached bungalow in the heart of Leslieville, down the street from breweries, grocery stores and one block from the highly desirable, high traffic Queen St E. Fantastic visibility on Eastern, and designated as Mixed Use in Toronto's Official Plan. Opportunity for builders & investors to add a mixed-use development to offer functional space and services to the 1500+ new homes to the Eastern Ave initiative. *Current zoning Industrial District 1, Density 12 (Extensive list of permitted uses) *Current Use Legal Non-conforming Residential *Toronto’s Official Plan Mixed Use Area & the city’s support to increase residential intensification *Eastern Ave identified as a Major street in the Planning study 2024 = more opportunities *874-876 Eastern Ave (both semi-detached) to be sold together *Access to the DVP, Lakeshore Blvd & major transit routes *Approx 1500 new homes are being added to the immediate areas *Close to Ashbridge’s Bay, Leslie Street Spit, Beaches, Green Spaces & Toronto waterfront *One block south of the heart Queen st E (Leslieville, Riverdale and the Beaches) *Combined lot size 34.21 x 115.35 ft *A 12-storey building with 200+ new homes will be built next door by TAS *By-Law 438-86 allows for 14 m (~4 storey) industrial building with permitted uses