783 Spadina Rd Toronto near Spadina & Eglinton | Detached home for sale

Description

Attention Investors, Developers & Builders. An extraordinary opportunity in one of Toronto's most coveted neighbourhoods, Forest Hill South. Ideally positioned within a Priority Major Transit Station Area, this exceptional property offers significant future residential intensification potential. Set on a sprawling 60 ft x 293 ft lot, the property is uniquely positioned overlooking Toronto's famed Beltline Trail, with frontage on a designated major street supporting increased density. Development precedent has already been established on the street, with neighbouring properties successfully permitted for redevelopment. 783 Spadina offers a rare opportunity to acquire a 60-foot-wide parcel with exceptional depth, located within approximately 200 metres of the Caplin LRT Station, Eglinton shops, parks, top-ranked schools, transit and first class amenities. Currently configured as a turn-key legal fourplex, the property features four renovated 2-bedroom, 1-bathroom suites, along with garage and surface parking. This provides immediate income potential while allowing investors to explore the property's longer-term redevelopment possibilities. A rare opportunity to secure a substantial development parcel in a highly sought-after Toronto neighbourhood-an ideal hold today with the potential to create a generational long term investment. Don't Miss Out!

Features

Facing: East
Bedrooms: 8
Bathrooms: 4
Garages: 4
Kitchens: 4

Details

Lot size: 60.00 x 293.00 Feet
Space: 3500-5000
Tax: $ 16082.84
C13816452
Listing contracted with: FREEMAN REAL ESTATE LTD.

Bathroom	Pieces	Level
2xBaths	4 pcs	Main
2xBaths	4 pcs	Second

Property Summary

Located close to the intersection of Spadina & Eglinton, 783 Spadina Rd is a 8 bedrooms 4 washrooms Detached. The unit has a 4 Attached Parking Spaces. The property basement is not finished. The property has many nice features including None. .

Local Area Profile

This property is located in an area with a mix of homeowners and renters with a mix of detached homes and apartments and condominiums. Approximately 65% of residents hold a bachelor's degree or higher, while about 11% have a college credential. Public transit is commonly used by local commuters, alongside driving.

School Information

Forest Hill Junior and Senior Public School (Grade:JK-8) 97/3037
Forest Hill Collegiate Institute (Grade:9-12) 330/739
Holy Rosary Catholic School (Grade:JK-8) 83/3037
Forest Hill Junior and Senior Public School (Grade:JK-8) 97/3037
Davisville Junior Public School (Grade:JK-6) 513/3037
Glenview Senior Public School (Grade:7-8)

Location

Community Overview

783 Spadina Rd is at the Heart of Forest Hill South Community. The boundary of Forest Hill South runs from Bathurst Street on the west to Eglinton Hill Avenue on the North, Avenue Road on the east, and Lonsdale Road and St Clair Avenue on the south. Spadina Heights, a First Nation word of 'Ishapadenah', translating to the baby hill or rise of land, was the original name of Forest Hill. The forest has long since gone, but what has remained is the topology with gentle hills along the winding roads. Some elder homes have been torn down and transformed into luxurious modern homes. In past 3 months, 12 Detached homes were sold at average of $7.15M. Also, a higher proportion of the residents have a bachelor's degree and above. In 783 Spadina Rd neighbourhood, you will find many residents are Jewish, Polish, Canadian, Irish, and British Isles. Furthermore, Eglinton Crosstown LRT has two stations on Eglinton Avenue, curtailing the commute duration to other parts of the city. Starting from Allen Road and terminating on Mount Pleasant Road, The Belt Line trail is an 8.9km hiking path for residents. Forest Hill South is close to the core of Midtown Toronto. Quiet tree-lined streets, large estate homes, prestigious schools and easy access to downtown Toronto make this well-heeled community highly attractive to professional and successful entrepreneurs.