Broadview North · E03 · M4K 2A7
$3,535,723
9 months 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.
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This home is priced in line with comparable listings — about 66% of comparable multi-unit / investment listings in Toronto are asking less.
Based on 95 comparable active multi-unit / investment listings in Toronto. These are asking prices, not sale prices.
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An estimate on the asking price of $3,535,723. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
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