This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Feet Exposure On Bayview Ave and 83' on Newton Drive. It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City's Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1) Current Owner Has Obtained the Re-Zoning City Approval for Six (6) 3-Storey Freehold Townhouse Units, with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select **! 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!! 4) For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner! Whether You're Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, and Key Urban Amenities!! The Proposed Renderings are Attached!
Address
298 Newton Drive
List Price
$1,988,000
MLS® Status
New
Expiration Date
2026-08-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto C14
Sub-Area
Newtonbrook East
Region
Toronto
Bedrooms
4 + 1
Bedrooms (Total)
5
Rooms Above Grade
7
Rooms Below Grade
2
Bathrooms
4
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
101.08
Lot Shape
Irregular
Lot Irregularities
Slight curve at the corner
Lot Size Units
Feet
Lot Width
83.25
Occupant Type
Vacant
Cross Street
Bayview Ave & Steeles Ave
MLS® Number
C12953238
Listing Brokerage
RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Basement Area
Finished
Postal Code
M2M 2P8
Posession Details
30 days/Immed
Parking
Private Double
Parking Places (Total)
6
Parking Spaces
4
Tax Amount
$8,408.00
Tax Year
2025
Interior Features
Water Heater
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Concrete
Garage
Yes
Garage Type
Built-In
Covered Spaces
2
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Shingles
Tax Legal Description
PARCEL 48-1, SECTION M911 LOT 48, PLAN 66M911, SUBJECT TO EASEMENT IN FAVOUR OF THE BELL TELEPHONE COMPANY OF CANADA AS IN A83456 TWP OF YORK/NORTH YORK , CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 5.6 x 4.26 | Hardwood Floor, Open Concept, Picture Window |
| Main | Dining Room | 3.97 x 3.06 | Hardwood Floor, Open Concept, W/O To Patio |
| Main | Kitchen | 5.66 x 3.01 | B/I Appliances, French Doors, Side Door |
| Second | Primary Bedroom | 5.17 x 3.78 | 4 Pc Ensuite, Balcony, Closet |
| Second | Bedroom 2 | 4.57 x 2.78 | Closet, Hardwood Floor |
| Second | Bedroom 3 | 4.29 x 2.71 | Closet, Hardwood Floor |
| Second | Bedroom 4 | 3.45 x 3.34 | 4 Pc Bath, Closet, Hardwood Floor |
| Basement | Bedroom 5 | 3.93 x 2.74 | Closet, Vinyl Floor, Window |
| Basement | Recreation | 7.15 x 3.82 | 3 Pc Bath, Fireplace, Window |