For Sale

57 Westwood Avenue, Toronto E03, Ontario M4K 2A7

$3,535,723

57 Westwood Avenue, Toronto E03, Ontario M4K 2A7 is For Sale and has a listing price of 3,535,723. The property is located in the Toronto E03 . It's been on the website for 1 Day.

  • Investment
    Property Type
  • MLS ID: E12632770
  • Office Name SOTHEBY'S INTERNATIONAL REALTY CANADA
Property Description

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. Buyer to verify all permits, approvals, zoning compliance, construction terms, and financing eligibility. Appointment required before walking the site.

Property Details
  • MLS ID: E12632770
  • Price: $3,535,723
  • Lot Depth: 110
  • Transaction Types: For Sale
  • Ref ID: E12632770
  • Year Built: N/A
  • Dir / Cross St: Broadview/Mortimer
  • Status: Active
  • Tax Year: 2025
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
12/14/2025 E12632770 $3,535,723 For Sale - -
04/10/2025 E12073471 $998,000 For Sale 05/08/2025 $975,000
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Toronto E03
  • $1,288,024 Average List Price
    based on 1 year
  • 206 New Listings
    based on 30 days
  • 40 Median Days on Market
    based on 1 year
  • List vs. Selling Price 161.92 % Up
  • Sold (12mo) 389
  • Rented (12mo) 288

  • 1 Month Change -100.0%
  • 3 Month Change -
  • 6 Month Change -100.0%
Walkscore
  • 96 Walk Score
    Walker's Paradise
  • 73 Transit Score
    Excellent Transit
  • 81 Bike Score
    Very Bikeable
Additional Details
  • Heat Type Gas Forced Air Open
  • Garage Type Y
  • Taxes: N/A
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: January 2027
  • Listing Entry Date: 14/12/2025 18:38:25
Want to see this property?