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    29 E Wellesley St

    Toronto, ON M4Y 1G7
    • $6,999,000
    • STATUS: Active
    • ON SITE: 40 Days
    • MLS #: C5362188
    UPDATED: 23 min ago
    $6,999,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighbourhood:
    Type:
    Commercial
    County:
    Area:

    Description

    Future Development Site With Good Rental Income From An Established Boutique Hotel Operator As Tenant. Wellesley Street Is A Major Commercial Road In Toronto, And Connects To The Yonge-University-Spadina Subway Line At Wellesley Ttc Subway Station Directly Across The Street. 2,986 Sq Ft Gfa As Per Mpac. Current Zoning Bylaw Permits Current Use. Highest And Best Use Is A Medium Density Mixed-Use Retail/Residential Development. Garage Converted To Office Space.

    Extras: Surrounded By High-Rise Residential Developments. Walking Distance To Ryerson University, University Of Toronto, Financial District, Shopping, Restaurants, And Bars. High Foot Traffic.

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    Listing information © 2021 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Forest Hill Real Estate Inc Brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2021-10-19T18:42:26.907.
    www.foresthillbarrie.com/homes/121206664
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    29 E Wellesley St Toronto, ON M4Y 1G7

    • Price: $6,999,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: C5362188
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighbourhood:
    Church-Yonge Corridor
    County:
    Ontario
    Area:
    Toronto C08
    Property Description
    Future Development Site With Good Rental Income From An Established Boutique Hotel Operator As Tenant. Wellesley Street Is A Major Commercial Road In Toronto, And Connects To The Yonge-University-Spadina Subway Line At Wellesley Ttc Subway Station Directly Across The Street. 2,986 Sq Ft Gfa As Per Mpac. Current Zoning Bylaw Permits Current Use. Highest And Best Use Is A Medium Density Mixed-Use Retail/Residential Development. Garage Converted To Office Space.

    Extras: Surrounded By High-Rise Residential Developments. Walking Distance To Ryerson University, University Of Toronto, Financial District, Shopping, Restaurants, And Bars. High Foot Traffic.
    Exterior Features

    Area Influences Public Transit Freestanding Yes Garage Type None Lot Depth 155.00 Lot Front 23.00 Lot Size Code Feet Percent Building 84

    Interior Features

    Air Conditioning Y Heat Type Gas Forced Air Closd Office Apartment Area 2986 Office Apartment Area Code Sq Ft Total Area 3565.00 Total Area Code Sq Ft

    Property Features

    Category Accommodation Commercial Type Investment Cross Streets Yonge / Wellesley List Price Type For Sale Lot Code Lot Occupancy Tenant Sale Or Lease Sale Seller Property Info Statement No Tax Year 2021 Taxes 45457.35 Taxes Type Annual Use Hotel/Motel/Inn Utilities Y Water Municipal Zoning R (D2.5) (X520)

    Listing courtesy of Keller Williams Referred Urban Realty, Brokerage.
    Listing information © 2021 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Forest Hill Real Estate Inc Brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2021-10-19T18:42:26.907.
     
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    54 Cedar Point Drive Unit 1207
    Barrie ON, L4N 5R7