298 Newton Drive

ActiveWillowdale / Newtonbrook · Newtonbrook East126 days on marketMLS® C12953274

$1,988,000

$230 / sq ft

Bedrooms0

Bathrooms3

Interior8,643 sq ft

TypeLand

ListingFor Sale

Days on Market126

About this property

This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Ft Exposure On Bayview Ave and 83' on Newton Drive, It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City's Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the City. 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select ** 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!!4) For Those Considering a Larger Vision, the Property's Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner!Whether You're Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, All Amenities, and Key Urban!! The Proposed Renderings are Attached

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	C12953274
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	8,643 sq ft
Beds / Baths	0 bed · 3 bath
Neighbourhood	Newtonbrook East
City	Willowdale / Newtonbrook
Postal Code	M2M 2P8
Province	ON
Listed Date	April 2, 2026
Days on Market	126
Price per Sq Ft	$230
Brokerage	RE/MAX REALTRON BIJAN BARATI REAL ESTATE