Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

930 Albion Road, Toronto, ON M9V 1A4 (Islington and Albion)
$ 6888000 - MLS : W12233250

From Our Gallery

Description

Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56,000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1,200,000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage.

Location Description

Islington and Albion

Property Detail

Community: Thistletown-Beaumonde Heights
Property Type: Vacant/Commercial
Annual Property Taxes : $ 18897

Lot dimensions: sqft
Baths:

Facts and Features

Amenities

Sewer : Sanitary+Storm Available ,
Cooling :

Listing Contracted With: RIGHT AT HOME REALTY

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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