About this property

***ATTENTION BUILDERS & INVESTORS*** Prime multi-unit development opportunity at 571 Oakwood Ave in the heart of vibrant Oakwood Village. Committee of Adjustment approved site for a 3-storey, 10-unit residential multiplex with 6 rooftop terraces, offering approx. 6,500 sq ft GFA on an 82' x 20' building footprint. Situated on a 25' x 110' lot along a major street within an MTSA, this property benefits from exceptional transit access with bus service at the door, a 3-minute walk to the Oakwood LRT station, and an 11-minute walk to Eglinton West subway station, plus close proximity to schools, parks, library, shops, and community amenities. Survey and committee-approved plans available, with all documentation to date to be provided by the seller. Site is shovel-ready, requiring only building permit submission. For savvy developers, there may be potential to pursue additional as-of-right density under the City of Toronto's evolving housing policies. Current designs project an estimated NOI of $232,500/year upon completion. A rare opportunity to deliver a mid-rise residential project in a high-demand, transit-oriented west-end location.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	C12676248
Status	Sold
Listing Type	For Sale
Property Type	Single Family Home
Interior Size	700 sq ft
Beds / Baths	0 bed · 1 bath
Neighbourhood	Oakwood Village
City	Forest Hill / Deer Park
Postal Code	M6E 2X6
Province	ON
Listed Date	January 28, 2026
Brokerage	ELEVATE REALTY INC.