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60 Greensides Avenue, Wychwood M6G 3P7

Price

$1,050,000

Bedrooms

2 Beds

Bathrooms

3 Baths

Size

700-1100 sqft

Year Built

Not listed

Property Type

House

Property Taxes

$6319

Description

Skip the red tape and break ground at 60 Greensides Avenue. This isn't just a property; it's a fully prepped, development site in the heart of Wychwood-one of Toronto's most coveted, community-centric enclaves.The heavy lifting is done. With community adjustment approvals and plans already in hand, you save months of design fees, municipal approvals, and carrying costs. It's a Luxury Statement: A massive ~3,000 sq. ft. living space, 3-storey custom detached home. Think 9'6" ceilings, 4 bedrooms, 5 bathrooms, and potential for a 2-car garage with a laneway suite.Steps from Wychwood Barns and the city's best cafes, this is a "plug-and-play" opportunity for the savvy developer.Sold in "as-is, where-is" condition. While 60 Greensides Avenue is famously shovel-ready, it also offers a rare financial advantage for the strategic buyer. The existing structure currently features three fully self-contained units, providing a turnkey solution for immediate rental income. Whether you are coordinating your build team or waiting for the ideal market window to break ground, this "buy-and-hold" potential allows you to generate significant revenue to offset carrying costs. Secure your footprint in Wychwood today and enjoy a high-yield transition period until you are ready to execute the new building plans.

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$4,799 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$840,000

Total Interest Payments

$517,912

Total Payment (Principal + Interest)

$1,357,912

Get An Estimate On Selling Your House

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Estimated Net Proceeds

$68,000

Realtor Fees

$25,000

Total Selling Costs

$32,000

Sale Price

$500,000

Mortgage Balance

$400,000

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2 Beds|1 Baths|1100-1500 Sq.Ft.

Listed By: RE/MAX HALLMARK REALTY LTD.

Meet Ken Matsumoto

Meet Ken Matsumoto

A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.

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