Description
ATTENTION INVESTORS, BUILDERS, & DEVELOPERS! SIX-PLEX PERMIT READY! 374 Atlas Avenue presents a rare opportunity to acquire a fully vacant detached property with an approved permit for a brand-new six-unit residential multiplex. Zoning is clean and the building permit is now ready, allowing a purchaser to move toward construction with the major planning and entitlement work substantially complete. The proposed development features approximately 3,320 SF of finished residential space comprising 2 x 2-bed/1-bath, 3 x 1+1-bedroom/1-bath, and 1 x 1-bedroom/1-bath units-a practical mix designed for strong rental appeal. Situated in highly desirable Cedarvale/Oakwood, the property offers an established, family-friendly setting with access to excellent schools, parks, recreation and everyday amenities. Located adjacent to Laughlin Park and steps from Cedarvale Park, residents will enjoy ravine trails connecting to the Beltline, tennis courts, sports fields, off-leash dog areas, summer splash pad, ice rink and winter tobogganing hills. The neighbourhood's mature streets, green spaces and strong family appeal make it a sought-after location for quality renters, therefore providing investors with strong potential for consistently low vacancy rates. Just minutes from Cedarvale Station (formerly Eglinton West Station), with access to Line 1 and Line 5, the property also offers convenient connectivity to Allen Road and Highway 401. A private rear driveway with 4 parking spaces adds further value to the proposed six-unit development. An exceptional opportunity to acquire a substantially advanced multiplex project in an established Toronto neighbourhood, with the ability to proceed toward construction and access to incentives such as the CMHC MLI Select program with the building permit ready. Detailed drawings and project information package available to qualified purchasers.
Details
| MLS # | C13743718 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 22 |
| Listing Provided By | THE AGENCY | C13743718 350300 |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Acreage | 0.07 |
| Property View | City, Trees, Woods |
Interior
| Interior Features | Workbench |
|---|---|
| Heating Yes / No | Yes |
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
| Rooms Total | 15 |
Exterior
| Exterior Features | Year Round Living |
|---|---|
| Roof | Asphalt Shingle |
| Foundation Details | Brick |
| Lot Features | Irregular Lot |
| Topography | Flat |
| View | City, Trees/Woods |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6342 |
|---|---|
| Tax Legal Description | Plan 2596 Pt Lot 1 Rt Block A |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C03 |
| Postal Code | M6C 3P9 |
| Area | Oakwood Village |
| Listing VS Median (in M6C 3P9) | |
Price: $1 low | high Med: $0 On site: 22 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto C03 |
| Postal Code | M6C 3P9 |
| Area | Oakwood Village |
| Listing VS Median (in M6C 3P9) | |
Price: $1 low | high Med: $0 On site: 22 low | high Med: | |
