Photo of 526 Westmount AvenueJust Listed
$2,499,000
526 Westmount Avenue
Exceptional development opportunity in prime Forest Hill South. Approved severance and minor variances in place for the creation of four residential lots, each intended for three-storey semi-detached dwellings. Approvals are subject to conditions, including servicing and municipal requirements. Proposed lots offer efficient frontage and density, with approved relief for increased floor space index, reduced setbacks, and enhanced building envelopes.The property is currently fully tenanted, generating approximately $8,000/month in rental income, providing interim holding income during the development and permitting process.Property is being sold as-is with tenants. Buyer to verify all information and conduct their own due diligence regarding development potential and fulfillment of approval conditions.
| MLS® Number | C13077024 |
| Status | Active |
| Listing Type | For Sale |
| Property Type | Single Family Home |
| Interior Size | 2,500 sq ft |
| Beds / Baths | 8 bed · 4 bath |
| City | Forest Hill / Deer Park |
| Postal Code | M5P 3H8 |
| Province | ON |
| Listed Date | May 4, 2026 |
| Days on Market | 39 |
| Price per Sq Ft | $1,156 |
| Brokerage | HOMELIFE NEW WORLD REALTY INC. |
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