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64 King Street, Weston M9N 1L3

Price

$1,649,900

Bedrooms

12 Beds

Bathrooms

10 Baths

Size

5000 + sqft

Year Built

Not listed

Property Type

House

Property Taxes

$8950

Description

**Development Opportunity - Attention Builders & Investors!** Rare opportunity to acquire a generously sized 106' x 160' lot in a highly desirable neighbourhood with strong market demand. Building permit approved, allowing you to move forward with your development plans without unnecessary delays. The approved design is for a 4-unit apartment development with a potential gross liveable area of approximately 7,770.2 sq. ft. **Approved Unit Layout:** - 3 units, each featuring 2 full bathrooms, kitchen, and living area - 1 unit featuring 3 bedrooms, 1.5 bathrooms, kitchen, and living area This property presents an exceptional opportunity for builders, developers, and investors seeking a project with approved permits, substantial buildable area, and strong income potential. Ideal for new construction, redevelopment, or long-term investment in a sought-after location. **Key Highlights:** - 106' x 160' Lot - Building Permit Approved - 4-Unit Apartment Development - Potential Gross Liveable Area: 7,770.2 Sq. Ft. - Excellent Development & Investment Potential - Prime, High-Demand Location An excellent opportunity to bring an approved development project to life and capitalize on strong demand in the area.

Sale history for

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The Property Location

Calculate Your Monthly Mortgage Payments

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Total Monthly Payment

$7,173 / month

Down Payment Percentage

20.00%

Mortgage Amount (Principal)

$1,319,920

Total Interest Payments

$813,812

Total Payment (Principal + Interest)

$2,133,732

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

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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