298 Newton Drive
Toronto C14, ON
3 bath • 8,643 sqft • Land • 147 days on market
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 Ft 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, All Amenities, and Key Urban!! The Proposed Renderings are Attached
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Listing Details
- Taxes (2025)
- $8,408
- Listed
- April 2, 2026
Price History
Listing history
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Property
- Lot Size
- 83.25 x 101.08 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Bayview Ave & Steeles Ave
- Zoning
- Residential/ Development Approval
- Possession
- 1-29 days
Commercial
- Occupancy
- Vacant
Included
- Inclusions
- S/S Fridge, S/S Stove, RangeHood, S/S Dishwasher, Gas Furnace and Equipment, AC.
- Rental Items
- Hot water heater
Community
Postal area M2M
- Population
- 31,915
- Private dwellings
- 13,259
- Median age
- 44.4
- Average household size
- 2.5
- Median household income
- $81,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Toronto C14 · last 12 months
- Median sold price
- $664,000
- Homes sold
- 844
- Median days on market
- 27
- Sale-to-list price
- 97.5%
Based on 844 recorded sales of commercial properties in Toronto C14 over the last 12 months.
Listed by
RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Location
Commercial figures
- Building area
- 8,643 sq ft
- Price per sq ft
- $230.01
- Annual property tax
- $8,408
- Tax per sq ft
- $0.97
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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