For Sale

298 Newton Drive, Toronto C14, Ontario M2M 2P8

$3,998,800

298 Newton Drive, Toronto C14, Ontario M2M 2P8 is For Sale and has a listing price of 3,998,800. The property is located in the Toronto C14 . It's been on the website for 50 Days.

  • Investment
    Property Type
  • 3
    Bathrooms
  • MLS ID: C12024573
  • Office Name RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Property Description

Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property’s Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers.

Property Details
  • MLS ID: C12024573
  • Bathrooms: 3
  • Price: $3,998,800
  • Lot Depth: 101.08
  • Transaction Types: For Sale
  • Ref ID: C12024573
  • Year Built: N/A
  • Dir / Cross St: Bayview Ave & Steeles Ave
  • Status: Active
  • Tax Year: 2024
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
05/21/2025 C12162735 $2,998,800 For Sale - -
05/21/2025 C12162761 $2,998,800 For Sale - -
03/17/2025 C12024570 $3,998,800 For Sale 05/20/2025 -
03/17/2025 C12024573 $3,998,800 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Toronto C14
  • $1,142,652 Average List Price
    based on 1 year
  • 570 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 194.96 % Up
  • Sold (12mo) 307
  • Rented (12mo) 1,197

  • 1 Month Change +35.5%
  • 3 Month Change +97.2%
  • 6 Month Change +7.5%
Walkscore
Property Type Distribution
  • All Houses
    19.62%
  • Commercial
    3.93%
  • Condo
    76.45%
Additional Details
  • Heat Type Y
  • Washroom Type1: 3
  • Garage Type In/out
  • Parking Spaces: 6
  • Taxes: $7,975
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Immed/ 30 Days
  • Listing Entry Date: 17/03/2025 20:58:53
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