2
See all 2 photos
$29,499,000
Est. payment /mo
New
464-468 Winona DR Toronto C03, ON M6C 3T7
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Oakwood Village
MLS Listing ID C12554262
Annual Tax Amount $16,500
Tax Year 2025
Property Sub-Type Vacant Land
Property Description
An exceptionally rare opportunity to acquire a premier development site in the heart of Midtown Toronto between Humewood and Cedarvale neighborhoods -one of the city's strongest and most resilient rental markets. The listing price includes Site Plan Approval (SPA) for the proposed 200-unit, 11-story rental development. PAC meetings' feedback and prepared Application Package suggest a short approval period. All seller's obligations related to SPA delivery will be detailed in the Agreement of Purchase and Sale. Offers may be made conditional on these final approvals, giving developers valuable certainty as the project moves toward completion of the planning process. Two independent appraisals have valued the land at about $25 million without approvals, reflecting its true highest and best use as a large-scale rental development. The proposed building aligns perfectly with CMHC's MLI Select program. The completed asset is expected to exceed $100 million in value with projected annual rental income of more than $5,500,000.Situated in a prime Midtown location surrounded by established high-demand rental buildings, the site benefits from strong municipal support for rental intensification as Toronto prioritizes new rental supply. The previously approved townhouse plan is no longer the highest and best use of the land, which is now optimized for a transformative multi-residential project. With near-zero vacancy in the area and robust demand for high-quality rental housing, this is a rare chance for forward-thinking developers to deliver a flagship rental asset in one of Toronto's most coveted neighbourhoods.
Location
Province ON
County Toronto
Community Oakwood Village
Area Toronto
Rooms
Kitchen 0
Exterior
Waterfront Description None
Lot Frontage 71.0
Lot Depth 303.0
Building
Unit Features Park,Public Transit,School,School Bus Route
Others
ParcelsYN No
Listed by FOREST HILL REAL ESTATE INC.
Filters Reset
Save Snapshot
View Results
MARKET SNAPSHOT
(OCT 20, 2025 - NOV 19, 2025)- ?Sold Listings
- ?Average Sales Price
- ?Average Days on Market
GET MORE INFORMATION
QUICK SEARCH FOR HOMES
- Homes For Sale In Pickering
- Home For Sale In Ajax
- Homes For Sale In Whitby
- $500,000 - $1,00,000 Homes In Toronto
- $1,000,000 - $2,500,000 Homes In Toronto
- Multi-Unit Homes In Toronto HOT
- Home For Sale In Markham
- Home For Sale In Richmond Hill
- Home For Sale In Vaughan
- Home for Sale in Mississauga
- Home for Sale in Brampton
- Homes For Sale In Oakville