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Gurdev Singh Virk

realtorgsvirk@gmail.com +1(647) 530-4840

$ 1,699,990

Est. payment | -/mo

2 Beds

2 Baths

Save

$ 1,699,990

Est. payment | -/mo

Save

2 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 700-1100

Municipality Toronto W06

Subdivision Long Branch

MLS Listing ID W13750810

Style Bungalow

Bedrooms 2

Annual Tax Amount $5,369

Tax Year 2025

Property Sub-Type Detached

Property Description

RARE PERMIT-READY MULTIPLEX OPPORTUNITY IN PRIME LONG BRANCH! An exceptional 50 x 130 ft property offering outstanding scale, approvals and flexibility. Permits are issued to construct a three-storey fourplex, with approved drawings featuring over 6,000 sq. ft., 10 ft ceilings in the lower and upper levels, skylights, two three-bedroom upper 2 story units and two one-bedroom-plus-den lower units and two garage. The property also offers potential for an additional dwelling (5th) at the rear, further expanding its income-producing possibilities and long-term value. This is a shovel-ready opportunity. The required planning, architectural and permit work is complete, allowing the next owner to move directly toward construction without the delays, added costs and uncertainty of starting the approval process from scratch. With the project de-risked at the planning and approval stage, it may also be well positioned for multiplex construction financing, subject to lender approval and buyer qualifications. No City development charges and no HST further strengthen the financial appeal and potential returns. Until construction begins, the existing well-maintained brick bungalow provides flexibility to live in, rent out or hold. Ideally located on a quiet residential street south of Lake Shore Blvd. in one of Toronto's most desirable waterfront communities, minutes from Lake Ontario, Marie Curtis Park, waterfront trails, yacht clubs, parks, schools, shopping and restaurants. Convenient access to Long Branch GO Station, TTC, major highways, the upcoming Ontario Line with a direct connection to Downtown Toronto and future LRT service adds exceptional connectivity. Opportunities combining a large lot, existing home, approved multiplex plans and permits are increasingly difficult to find. Build a substantial multi-unit project, create a strong income-producing asset and secure a valuable piece of Long Branch.

Location

Province ON

County Toronto

Community Toronto W06

Area Toronto

Rooms

Family Room No

Basement Walk-Up, Finished, Separate Entrance

Kitchen 2

Separate Den/Office 1

Interior

Interior Features Carpet Free, Primary Bedroom - Main Floor, Sump Pump

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Porch

Parking Features Private

Garage Spaces 1.0

Pool None

View Clear

Roof Type Shingles

Lot Frontage 50.0

Lot Depth 130.0

Total Parking Spaces 6

Building

Building Age 100+

Unit Features Fenced Yard,Lake/Pond,Marina,Park,Public Transit,School

Foundation Concrete

Others

ParcelsYN Yes

Listed by RED HOUSE REALTY

Schools and Properties Nearby

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+1(647) 530-4840

realtorgsvirk@gmail.com

Learn More About LPT Realty

22 Birchlea AVE Toronto W06, ON M8W 1E9