An incredible opportunity for Investors and or builders to own this amazing Income Property. The Official Plan Designated For MMS zoning (Main Street Mixed Use) ranging from commercial and residential applications. An exceptional area providing enormous upside potential for future development and Rezoning. The City of Toronto is exploring possible approval of additional housing applications and increased density along major roads. All buyers to verify and conduct their own due diligence with the city planning department.
Are You A Real Estate Investor, Builder Or A Savvy End User? If So, We Have A Fantastic Property For You. Conveniently Nestled Between A Townhouse Complex To The South, A Commercial Building To The North And Already Setup As A Dual Income Property, 2966 Islington Avenue in North York Sitting On A Fantastic Sized Lot Offers Plenty Of Opportunities In A Thriving Community. With The Official Plan Designated For A Mixed Use Including Residential, And The Potential For Rezoning With Rentable Commercial Space, This Is An Ideal Location For Re-Development With Great Opportunity For Immediate Returns And Visionary Potential With Plenty Of Positive Movement For Increased Density Being Put Forth At The City of Toronto, As Toronto City Council, In The Very Near Term, Is Possibly Looking To Approve Townhomes and Small Six-Storey Residential Units Along Most Major Roads In The City. (Buyer To Verify and Conduct Their Own Due Diligence)