$1,500,000

Prime development opportunity on Bloor St W with potential for a larger assembly. 3991 Bloor St W offers a 40.04 x 150.64ft lot being sold as land only. With neighbouring sites also listed on MLS, with a potential for combined frontage of approximately 166.29 ft providing excellent scale and flexibility for redevelopment. A recently accepted settlement by the City now paves the way for implementation of new "as-of-right" development of mid-rise residential buildings on major streets. Be one of the first to seize this opportunity and build a boutique condominium, townhomes or apartment building up to 6 storeys. Featuring a wide right-of-way on Bloor, transit at the doorstep, and proximity to Hwy 427 and Kipling Transit Hub, this site has all the key attributes to deliver a successful mid-rise project under the City of Toronto's new housing policies. Planning consultation material available. Please do not walk the property or speak with occupants.