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$ 2,388,000
Est. payment /mo
New
23 Roycrest AVE Toronto C07, ON M2N 1R1
5 Beds
2 Baths
1.8 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Municipality Toronto C07
Subdivision Lansing-Westgate
MLS Listing ID C14135216
Style Bungalow
Bedrooms 5
Annual Tax Amount $11,191
Tax Year 2025
Lot Size 1.800 Acres
Property Sub-Type Detached
Property Description
**RARE RAVINE-BACKED INVESTMENT & DEVELOPMENT OPPORTUNITY IN PRIME NORTH YORK!**Nestled at the end of a quiet cul-de-sac, this exceptional property offers approximately 1.8 acres of ravine setting, mature trees, beautiful natural surroundings and outstanding privacy.**Featuring a LEGAL WALK-OUT BASEMENT APARTMENT with strong existing rental income!** An excellent opportunity for investors seeking immediate cash flow while exploring the property's long-term potential.Ideal for luxury custom home buyers, builders and developers looking to explore a magnificent custom estate, multi-unit residential development or purpose-built rental apartments, subject to municipal approvals, zoning and ravine protection regulations.Conveniently located near Yonge & Sheppard, subway access, shopping, restaurants, schools and major highways.**A UNIQUE OPPORTUNITY COMBINING CURRENT RENTAL INCOME, EXCEPTIONAL PRIVACY, NATURAL BEAUTY AND FUTURE DEVELOPMENT POTENTIAL!**
Location
Province ON
County Toronto
Community Toronto C07
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 2
Separate Den/Office 4
Interior
Interior Features Carpet Free, In-Law Suite, Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 1.0
Pool None
Roof Type Shingles
Lot Frontage 31.08
Lot Depth 489.0
Total Parking Spaces 16
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by HOMENET REALTY INC.