22 Birchlea Avenue
Long Branch / Toronto W06, ON M8W 1E9
About This Property
RARE PERMIT-READY MULTIPLEX OPPORTUNITY IN PRIME LONG BRANCH! An exceptional 50 x 130 ft property offering outstanding scale, approvals and flexibility. Permits are issued to construct a three-storey fourplex, with approved drawings featuring over 6,000 sq. ft., 10 ft ceilings in the lower and upper levels, skylights, two three-bedroom upper 2 story units and two one-bedroom-plus-den lower units and two garage. The property also offers potential for an additional dwelling (5th) at the rear, further expanding its income-producing possibilities and long-term value. This is a shovel-ready opportunity. The required planning, architectural and permit work is complete, allowing the next owner to move directly toward construction without the delays, added costs and uncertainty of starting the approval process from scratch. With the project de-risked at the planning and approval stage, it may also be well positioned for multiplex construction financing, subject to lender approval and buyer qualifications. No City development charges and no HST further strengthen the financial appeal and potential returns. Until construction begins, the existing well-maintained brick bungalow provides flexibility to live in, rent out or hold. Ideally located on a quiet residential street south of Lake Shore Blvd. in one of Toronto's most desirable waterfront communities, minutes from Lake Ontario, Marie Curtis Park, waterfront trails, yacht clubs, parks, schools, shopping and restaurants. Convenient access to Long Branch GO Station, TTC, major highways, the upcoming Ontario Line with a direct connection to Downtown Toronto and future LRT service adds exceptional connectivity. Opportunities combining a large lot, existing home, approved multiplex plans and permits are increasingly difficult to find. Build a substantial multi-unit project, create a strong income-producing asset and secure a valuable piece of Long Branch.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® W13750810
Listed by RED HOUSE REALTY
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 trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$8,301
/month · $1,359,992 mortgage
Amortization
Total Interest
$1,130,391
Total Cost
$2,490,383
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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