$2,888,000Asking Price
290 Sheppard Ave W
Lansing, Toronto
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month
Don't miss this incredible investment opportunity in the prime North York area! This rarely offered property on Sheppard Ave West, just a few blocks west of the vibrant Yonge & Sheppard corridor, presents a multitude of possibilities for both end users and investors. For those looking to embark on a redevelopment project, this property holds immense potential. With the possibility of constructing a stand-alone office building up to 6 stories, you can capitalize on the thriving local market. Additionally, the current building can be renovated to accommodate various uses, providing flexibility to suit your specific needs.The City of Toronto has recently introduced a new secondary plan for this area, highlighting its promising future and further emphasizing the significance of this investment opportunity. For investors seeking immediate returns, this property holds significant income-generating potential. With the ability to produce an estimated rental income of $6,000 to $8,000 per month
See MoreKey Info
- Backsplit Detached
- 6-Car Private Driveway
- 2-Car Detached Garage
- Yonge/Sheppard/Bathurst
- Basement: Finished, Full
- 1 Kitchen
- Forced Air Gas Heating
- Central Air
Property
- Lot Size 50.06 x 125.16 Feet
- Brick Exterior
- Taxes were $25,558 in 2023
- Possession: TBD
Details
- No Fireplace
- No Family Room
- Lower Laundry
- Sewers
- Municipal Water
- MLS #C8097970
- RE/MAX REALTRON REALTY INC.
Extras
- **Zoning Amendment Application Has Been APPROVED For Application Proposes To Develop A 6 Storey Hotel Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
 | 1 3-Piece Bathroom on 2nd Floor | |||
| 1 2-Piece Bathroom on Main Floor | |||
| 1 3-Piece Bathroom in Basement | |||
How Far is Too Far?
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Who lives here?
Lansing, Toronto is a north Toronto neighbourhood notable for its renters, university grads, executives and business, science and education, law & public sector professionals. It has a higher than average population of immigrants, particularly those from Iran and the Philippines, and Persian, Russian and Korean speakers. Residents tend to be younger with a significant number of youth aged 20 to 24 and adults aged 25 to 49.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Gta ({{ '1.29999995231628' | number: 1 }})
Singles
48%
of residents are
single and loving it.
48% singles
Toronto (50%)Gta ({{ '44.8800010681152' | number: 0 }}%)
Renters
52%
of residents
are renters.
52% renters
Toronto (47%)Gta ({{ '33.0200004577637' | number: 0 }}%)
Education
64%
of residents are
university grads.
64% university grads
Toronto (48%)Gta ({{ '43.6699981689453' | number: 0 }}%)
Income
Average Household Income
$138K
is the average household
income in the neighbourhood.
Gta ({{ '135056.828125' | minifiedCurrency }})
Professions
Professions
| Business | 13% |
| Sales | 12% |
| Sciences | 11% |
| Government | 9% |
| Management | 8% |
Immigrants
55%
of residents were
born outside of Canada.
55% immigrants
Toronto (48%)Gta ({{ '45.4300003051758' | number: 0 }}%)
Birthplace - All
6.9% from Iran
All-time
Birthplace - Recent
2.7% from Iran
Recent
Foreign Languages
Foreign Languages
| Russian | 8% |
| Persian | 7% |
| Korean | 6% |
| Tagalog | 5% |
| Mandarin | 4% |
Religions
Religions
| Christian | 49% |
| Jewish | 11% |
| Muslim | 8% |
| Hindu | 3% |
| Buddhist | 2% |
Social Housing
Social Housing Buildings
1
Social housing buildings
in the neighbourhood.
Shelters
Shelters
0
Homeless shelters in
the neighbourhood.
