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 28 Days.

  • 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. Appointment required before walking the site.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: E12632770
  • Price: $3,535,723
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: 110
  • Ref ID: E12632770
  • Dir / Cross St: Broadview/Mortimer
  • Status: Active
  • Tax Year: 2025
  • Property Type: Investment
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
  • $1,280,266 Average List Price
    based on 1 year
  • 133 New Listings
    based on 30 days
  • 40 Median Days on Market
    based on 1 year
  • List vs. Selling Price 165.93 % Up
  • Sold (12mo) 381
  • Rented (12mo) 284

  • 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
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