






Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
Price
$1,599,900
Bedrooms
3 Beds
Bathrooms
2 Baths
Size
700-1100 sqft
Year Built
Not listed
Property Type
House
Property Taxes
$4373.71
Prime Multi-Unit Development Opportunity - Fully Severed, Approved, & Ready for Building Permits!ATTENTION BUILDERS & INVESTORS: Offered at $800K Per Lot ($1.6M Total for Both Severed Lots). Option to purchase 98 Pitt Ave or 98A Pitt Ave as individual lot, or acquire both lots as a complete turnkey package.Prime candidate for multi-unit redevelopment, ideal for a 4-plex plus! Bypass a full year of municipal delays and start building immediately. All the heavy lifting, planning red tape, and upfront capital investment have already been meticulously handled for you at 98 & 98A Pitt Avenue. Save over 1 year of waiting period for severance and other permits: this exceptional property comes completely ready for construction, featuring a fully completed lot severance (creating two distinct buildable lots) and Committee of Adjustment approval already secured. Skip the lengthy administrative cycle-the Zoning Certificate is locked in, Urban Forestry clearance is complete, the tree damage deposit is paid in full, and required tree protection fencing is already installed on-site. Additionally, the heavy financial and creative investment is completely done-fully paid, professional architectural designs (around $26,000 value) for both 98 and 98A are included and ready to go.There is no more waiting on planning committees, forestry reviews, or design drafts. A full year of time and effort is already banked for you. The path forward is crystal clear: simply submit the complete, ready-to-go architectural plans to pull your building permits and break ground. Single Lot Purchase: Ideal for custom home builders or end-users looking for a pre-approved single-lot build. Package Purchase (Both Lots): Perfect for multi-residential developers looking to maximize site yield and profitability.An unmissable opportunity to skip the queue and fast-track straight to project execution!
Dimensions
3.66' × 3.05'
Features
Parquet
Dimensions
3.05' × 3.05'
Features
Parquet
Dimensions
4.57' × 3.05'
Features
Combined w/Dining
Dimensions
4.27' × 3.66'
Features
Parquet
Dimensions
4.57' × 3.05'
Features
Combined w/Living
Dimensions
2.13' × 2.44'
Features
W/O To Terrace
Dimensions
3.05' × 2.44'
Features
Dimensions
2.74' × 1.83'
Features
Dimensions
3.66' × 3.05'
Features
Dimensions
2.44' × 2.13'
Features
Dimensions
2.44' × 2.13'
Features
Dimensions
4.57' × 3.05'
Features
Combined w/Dining
Dimensions
4.57' × 3.05'
Features
Combined w/Living
Dimensions
2.74' × 1.83'
Features
Dimensions
2.13' × 2.44'
Features
W/O To Terrace
Dimensions
4.27' × 3.66'
Features
Parquet
Dimensions
3.66' × 3.05'
Features
Parquet
Dimensions
3.05' × 3.05'
Features
Parquet
Dimensions
3.05' × 2.13'
Features
Dimensions
3.05' × 2.44'
Features
Dimensions
3.66' × 3.05'
Features
Have questions about this property?
Contact MeTotal Monthly Payment
$6,612 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,279,920
Total Interest Payments
$789,149
Total Payment (Principal + Interest)
$2,069,069
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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Listed By: RE/MAX URBAN TORONTO TEAM REALTY INC.

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Listed By: RESIDENTIAL DEVELOPMENT SERVICES INC.

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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.