57 Westwood Avenue
Toronto E03, ON
- Investment
- 272 days on market
Pre-construction purpose-built rental development in East York. 57 Westwood Ave is a fully designed seven-plex (six-unit detached multiplex with a self-contained rear garden suite), offered as a fixed-price construction opportunity conditional on the builder obtaining Development Permit and Building Permit approval. The proposed building consists of a three storey plus basement configuration with a mix of studio and larger residential units, together with a separate two-bedroom garden suite located at the rear of the property. The project has been designed with energy-efficient construction and CMHC MLI Select underwriting considerations in mind, providing a potential pathway to insured take-out financing upon stabilization, subject to CMHC program requirements, scoring, debt service coverage, and lender approval. No representation or warranty is made regarding CMHC eligibility or financing terms. Located in a well-established East York neighbourhood with strong rental fundamentals, proximity to transit, parks, schools, and local amenities. Intended for build-to-hold investors seeking long-term rental income and cost certainty through a fixed-price construction structure. Architectural drawings and additional information available upon request. Appointment required before walking the site.
Listing Details
- Originally Listed
- $3,535,723
- Listed
- December 14, 2025
Price History
Listing history
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Property
- Lot Size
- 30 x 110 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Broadview/Mortimer
- Zoning
- RS (f10.5; a325; d0.75) (x312)
- Possession
- Other
- Occupancy
- Vacant
Commercial
- Business Type
- Apts - 6 To 12 Units
Community
Postal area M4K
- Population
- 30,913
- Private dwellings
- 15,139
- Median age
- 43.2
- Average household size
- 2.2
- Median household income
- $84,000
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 E03 · last 12 months
- Median sold price
- $1,100,000
- Homes sold
- 727
- Median days on market
- 13
- Sale-to-list price
- 102.9%
Based on 727 recorded sales of commercial properties in Toronto E03 over the last 12 months.
Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA
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Location
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