930 ALBION ROAD

Toronto (Thistletown-Beaumonde Heights), , M9V1A4, Canada

$6,888,000

Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56,000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1,200,000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage.

Last updated on : Saturday 28th of June 2025 12:20:31 AM

ADDRESS

Street : 930 ALBION ROAD

City : Toronto (Thistletown-Beaumonde Heights)

Country : Canada

Postal Code : M9V1A4

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PROPERTY SUMMARY

Property ID : W12233250

Building Type : Other

Property Type : Vacant Land

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