70B Dunstall Cres
West Hill, Scarborough, M1E 3M4
FOR SALE
$885,000
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Property Description
As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. Special financing only available with 5 units or more. Total Development Charges for all 5 units of $68,199. as of June 6, 2024. 4 Units are exempt from Development Charges & 1 Unit has a special rate of $ 68,199. Education DC still apply. 100% HST rebate. Huge 8,100+ sq ft pie-shaped lot with 66.6 rear lot line. 155.5 deep. Extra long driveway for additional parking spots (6 cars in total including 2garage spaces) Average Unit size is 1,194 sq ft **EXTRAS** No chattels incl.. Floorplans, Site Plan, existing house pictures & Planning Documents in Attachment labelled Documents. Sold as is, where is. Rendering is of the 70A Dunstall 4 plex after being constructed. Realty Taxes shown are for both 70A Dunstall and 70B Dunstall - taxes for the separate lots have not been assessed yet.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-04 | 2025-01-21 | 78 | $985,000 | - | Terminated |
| 2024-08-02 | 2024-11-01 | 91 | $985,000 | - | Expired |
Nearby Intersections
Property Features
Grnbelt/Conserv, Hospital, Park, Public Transit
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Property Details
Street
Community
City
Property Type
Vacant Land
Lot Size
38' x 156'
Acreage
< .50
Lot Irregularities
irr. pie shaped, rear 66.63'
Fronting
North
Taxes
$4,535 (2024)
Heat Type
None
Air Conditioning
None
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Listing contracted with Royal Lepage Connect Realty
Similar Listings
As-of right zoning for a 5 Plex (4 Plex + Garden Suite). Positive cash flow after construction. This project qualifies for special MI Select financing with low down payment, low interest rate (est. 3% or less) & 45 year amortization. The special financing is only available with 5 units or more. No Development Charges applicable due to a credit from existing house which is to be demolished (Education DC still apply). 100% HST rebate. Huge 8,100+ sq ft pie-shaped lot with 66.6 rear lot line. 158.3 deep. Extra long driveway for additional parking spots (6 cars in total including 2 garage spaces). Average Unit size is 1,182 sq ft. Realty Taxes shown are for both 70A Dunstall and 70B Dunstall - taxes for the separate lots have not been assessed yet.
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Attention builders, Construction project of a 3857 sq ft, 2 storey, 4-bedroom house. Foundation completed. Approved Drawings available to continue the project. Sold Under Power Of Sale Therefore As Is/Where Is Without Any Warranties From The Seller. Buyers To Verify And Satisfy Themselves Re: All Information.
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