47 m
Distance
An exceptionally rare opportunity to acquire a premier development site in the heart of Midtown Toronto between Humewood and Cedarvale neighborhoods -one of the city's strongest and most resilient rental markets. The listing price includes Site Plan Approval (SPA) for the proposed 200-unit, 11-story rental development. PAC meetings' feedback and prepared Application Package suggest a short approval period. All seller's obligations related to SPA delivery will be detailed in the Agreement of Purchase and Sale. Offers may be made conditional on these final approvals, giving developers valuable certainty as the project moves toward completion of the planning process. Two independent appraisals have valued the land at about $25 million without approvals, reflecting its true highest and best use as a large-scale rental development. The proposed building aligns perfectly with CMHC's MLI Select program. The completed asset is expected to exceed $100 million in value with projected annual rental income of more than $5, 500, 000.Situated in a prime Midtown location surrounded by established high-demand rental buildings, the site benefits from strong municipal support for rental intensification as Toronto prioritizes new rental supply. The previously approved townhouse plan is no longer the highest and best use of the land, which is now optimized for a transformative multi-residential project. With near-zero vacancy in the area and robust demand for high-quality rental housing, this is a rare chance for forward-thinking developers to deliver a flagship rental asset in one of Toronto's most coveted neighbourhoods. (id:58753)
Listing By: RICHARD ISAAC HIMELFARB - FOREST HILL REAL ESTATE INC. 
- MLS® C12554262
- Date Listed11/18/2025
- Days on Realty 202 Days
- Bedrooms -
- Bathrooms
- Lot Size -
- Sewer Other
- Property Type Land
- Water Public
Exterior / Lot Features
- Roof -
- Lot Size Acres -
- Lot Size SQFT -
- Lot Features -
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for M6C3T7
Discover key demographics, population statistics, and environmental insights for the Toronto (oakwood Village), ON area.
93/100
Walker's Paradise
Walk Score ®
79/100
Excellent Transit
Transit Score ®
70/100
Very Bikeable
Bike Score ®
Overview
Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.
Transit Summary
14 nearby routes: 12 bus, 2 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 80/100, Transit Score: 79/100, Bike Score: 68/100.
Points of Interest near 464 468 WINONA DRIVE, Toronto (Oakwood Village), ON M6C3T7
Frequently Asked Questions for 464 468 WINONA DRIVE
Source: Realty.com
464 468 WINONA DRIVE, Toronto (Oakwood Village), ON M6C3T7 in Toronto (Oakwood Village), ON M6C3T7 is a land listed at $29,499,000. Realty.ca has 2 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 2 photos of 464 468 WINONA DRIVE.
The full address for this home is 464 468 WINONA DRIVE, Toronto (Oakwood Village), ON M6C3T7.
464 468 WINONA DRIVE has been listed on Realty.com since Tue November 18, 2025
Daily errands do not require a car. Transit is convenient for most trips. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 80/100, Transit Score: 79/100, Bike Score: 68/100.
Listing provided courtesy of:
FOREST HILL REAL ESTATE INC.
Listing agent:
RICHARD ISAAC HIMELFARB
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