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57 Westwood Avenue

Broadview North / Toronto E03, ON M4K 2A7

ActiveFor Sale
0 Beds
0 Baths
Commercial

About This Property

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

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Bedrooms0
Bathrooms0
Postal CodeM4K 2A7
Last UpdatedAug 8, 2026 · 5:08 p.m.

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Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® E12632770

Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

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.

$3,535,723

asking price

MLS®E12632770
TypeCommercial
CityToronto E03
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$17,265

/month · $2,828,578 mortgage

Down Payment20% — $707,145
Interest Rate5.5%

Amortization

Total Interest

$2,351,042

Total Cost

$5,179,620

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

SOTHEBY'S INTERNATIONAL REALTY CANADA