291 Indian Road, Toronto, ON M6R 2X5

Property Description

A rare opportunity to build on one of Toronto's most coveted streets in the heart of High Park-Swansea. This vacant 50 x 77 ft lot offers a genuine blank canvas in a neighborhood where the majority of existing homes are heritage-designated and cannot be redeveloped - making opportunities like this exceptionally hard to find. Located in Ward 4, Parkdale-High Park, the property falls within one of only nine wards in Toronto where up to six residential units are now permitted as-of-right under the City's updated zoning by-laws, with building potential of up to four storeys including basement. Up to four units are permitted as-of-right citywide. Development charges are waived for up to six units - a saving of over $200,000. No rezoning required. Buyers to conduct their own due diligence regarding applicable zoning standards and permitted uses. Previously prepared architectural and structural drawings by a Professional Engineer are available to qualified buyers, along with a topographic survey. Potential for a double-car garage. No parking minimums apply under current multiplex regulations. Steps to Roncesvalles Village, High Park, TTC subway access, and the waterfront. Catchment for Howard Junior Public School and Fern Avenue Junior and Senior Public School.