$1,988,000
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298 Newton Drive, Toronto (newtonbrook East), ON M2M2P8

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5 Beds
4 Baths
- Sq Ft

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)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the 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 (id:58753)

Listing By: BIJAN BARATI - RE/MAX REALTRON BIJAN BARATI REAL ESTATE cncrea2 Realty.com
  • MLS® C12953238
  • Date Listed04/02/2026
  • Days on Realty 66 Days
  • Bedrooms 5
  • Bathrooms 4 baths
  • Lot Size -
  • Sewer Other
  • Property Type Single Family Residence
  • Water Public

Interior Features

  • Appliances Refrigerator, Dishwasher, Stove, Hood Fan, Water Heater
  • Flooring Hardwood, Vinyl
  • Cooling Central air conditioning
  • Heating Forced air, Natural gas

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features Irregular lot size

Directions

Bayview Ave & Steeles Ave

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for M2M2P8

Discover key demographics, population statistics, and environmental insights for the Toronto (newtonbrook East), ON area.

Walkability in ON / M2M2P8

Source: Walk Score

40/100

Car-Dependent

Walk Score ®

58/100

Good Transit

Transit Score ®

33/100

Bikable

Bike Score ®

Overview

Most errands require a car. Many nearby public transportation options. Minimal bike infrastructure.

Transit Summary

9 nearby routes: 9 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 64/100, Transit Score: 60/100, Bike Score: 49/100.

Points of Interest near 298 NEWTON DRIVE, Toronto (Newtonbrook East), ON M2M2P8

Frequently Asked Questions for 298 NEWTON DRIVE

Source: Realty.com

298 NEWTON DRIVE, Toronto (Newtonbrook East), ON M2M2P8 in Toronto (Newtonbrook East), ON M2M2P8 is a single family residence listed at $1,988,000. Highlights include 5 bedrooms, 4 bathrooms. Realty.ca has 36 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 36 photos of 298 NEWTON DRIVE.

The full address for this home is 298 NEWTON DRIVE, Toronto (Newtonbrook East), ON M2M2P8.

298 NEWTON DRIVE has been listed on Realty.com since Thu April 02, 2026

Most errands require a car. Many nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 64/100, Transit Score: 60/100, Bike Score: 49/100.

Listing provided courtesy of: RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Listing agent: BIJAN BARATI

This content last refreshed on 2026-06-07 00:47:04. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.