The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Everything in it is backed by the documents we reviewed: Rezoned Danforth Development Site with Up to $500,000 VTB Available. A rare zoned mid-rise opportunity on the Danforth, approx. 350 m from Coxwell Station (Line 2) and within a Major Transit Station Area. Zoning By-law 703-2023, passed by Toronto City Council in July 2023, permits a 7-storey mixed-use building of up to 1,475 m2 GFA, with 16 residential units above ground-floor retail. The by-law includes a holding (H) provision tied to servicing confirmation; details in the due diligence package. Years of planning work are already in place. Available materials include the planning and urban design rationale, architectural drawings resubmitted for Site Plan Approval (2022), structural and mechanical drawing sets, an environmental site assessment, a hydrogeological review (2021), a geotechnical investigation, a survey, and a 2025 architectural test fit of an alternative scheme. The site sits on a stretch of the Danforth guided by the City's Danforth Avenue Planning Study and Site and Area Specific Policy 552, which support mid-rise intensification with active retail at grade. Excellent transit access, with Woodbine Station also nearby and bus routes on Coxwell and Woodbine. To help you move quickly, the seller will consider a vendor take-back mortgage of up to $500,000, on terms to be negotiated. Less upfront equity, more capital for design and approvals. Buyer to conduct own due diligence on zoning, holding provision, site plan status, environmental condition and permitted tenure. Reports provided for information only. Contact listing agent for data room access.If the seller confirms in writing that no appeal was filed, you could add "No appeals were filed; the by-law is in force," which is about 50 characters. Before the listing goes live, get the $500K VTB confirmed in writing by the seller.
Demographic data is not available for this area yet.
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Age Groups
Age group data is not available.
Owners vs Renters
Ownership data is not available.
Household Type
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What’s NearbyDistances approximate
No nearby school data is available for this listing.
Transit score information is not available for this listing.
Nearby everyday places are not available for this listing.
Always confirm school catchments with the local school board.
Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$8,631/mo
Mortgage (principal + interest)$6,920
Property taxFrom listing: $20,537/yr$1,711
Minimum 20% ($369,960 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$369,960
Ontario land transfer taxProvincial brackets, no first-time refund$33,471
Toronto land transfer taxMunicipal brackets, no first-time refund$33,471
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$439,702
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Toronto adds its own land transfer tax; first-time buyers can get up to $4,475 back on it.
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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