Unknown for 298 Newton Dr, Toronto Ontario M2M 2P8
Re-listed 16 days ago

298 Newton Dr, Toronto, Ontario M2M 2P8

Other
-
3
~8643.41 sqft
$•••,•••
$2,998,800
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Other
-
3
~8643.41 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$346/sqft

Est. Mortgage$12,879/mo

Tax Amount (2024)$7,975/yr

Days On Market16 days

Total Days On Market81 days


Description

Fantastic Opportunity >> Strategic Property Right On the Corner Of Bayview Ave & Newton Dr, With A 100 Ft Exposure On Bayview Ave. Potential For Development Project! Excellent High Demand Location! Current Owner Has the Re-Zoning City Approval For Six (6) 3-Storey Freehold Townhouse Units with Vehicular Access from Newton Drive and 6 Parking Spaces, (with Ready N.O.A.C from City)! There Are Other Possibilities for Stacked Townhouses Or Mid-Rise Condo Boutique >> This Property Presents an Exceptional Development Opportunity under the EHON Intuitive Bylaw, Allowing for the creation of a 4-Story Stacked Townhouse Community of Up to 19 Units. Ideal for Developers Aiming to Expand Housing Options within a Thriving Area, the Site Offers a Unique Blend of Density and Design Potential. For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. Buyer/Buyer Agent To Verify All with City Planner! Situated Near Key Amenities and Transit, This Site Is Poised for a High-Demand Residential Project That Blends of Modern Living with Community Connectivity, Making It a Prime Investment for Innovative Developers.


Property Details

StyleAccommodation
View-
Age of property-
SqFt~8643.41 SqFt
Lot Size8,414 SqFt(101.08 x 83.25)
Parking Spaces6
MLS ®NumberC12162735
Community NameNewtonbrook
Data SourceTRREB
Listing byRE/MAX REALTRON BIJAN BARATI REAL ESTATE

Features

Heating: Gas Forced Air Closd
Cooling: Y

Features

Lot size: 8,414 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 6


Property History

May 21, 2025
Listed for
$2,998,800
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Re-listed
$•••,•••
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Re-listed
$•••,•••
16 days on market
history photo preview13
Listing by trreb®
Property listed by RE/MAX REALTRON BIJAN BARATI REAL ESTATE, Brokerage

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Market Data - Newtonbrook

Geo Zone Map ThumbnailNewtonbrook

Strong Buyer's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

20 days

Compared to

2024

20 days

2023

11 days

2022

14 days

New Listings

Past 30 days

96 listings

Compared to

2024

84 listings

2023

62 listings

2022

64 listings

Units sold

Past 30 days

12 units

Compared to

2024

19 units

2023

27 units

2022

18 units

Median Sold Price

Past 30 days

$1,039,000

Compared to

2024

$1,550,000

2023

$1,350,101

2022

$1,565,000


Population and Demographics

Overview

Total population 26506
Average household income $115,710

Age (%)

65 and plus
22%
20 to 34
22%
50 to 64
21%
35 to 49
19%
0 to 19
15%

Household composition (%)

Single family
62%
Single person
28%
Multi person
8%
Multi family
2%

Mother tongue (%)

English
34%
Iranian Persian
13%
Korean
9%
Mandarin
8%
Tagalog (Pilipino, Filipino)
8%
Russian
8%
Yue (Cantonese)
5%
Others
3%
Spanish
2%
Italian
2%

House tenancy (%)

Owners
53%
Renters
47%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget