Exceptional Development Opportunity On Sheppard Ave W In The Heart Of North York! Prime Site For Developers, Builders And Investors Along The Highly Desirable Sheppard Corridor. Situated On An Approx. 6,250 Sq. Ft. Lot, 290 Sheppard Ave W Benefits From Approved Zoning For A 6-Storey Boutique Hotel Development. The Architectural Concept Contemplates Approximately 38 Hotel Rooms, Presenting An Excellent Opportunity For Hotel Operators And Developers. The Property Offers Prominent Sheppard Ave W Frontage, Excellent Exposure And Convenient Access To Yonge & Sheppard, Subway, Hwy 401, Shops, Restaurants And Major Amenities. Architectural Plans And Development Documents Available. A Rare Opportunity To Acquire A Development Site In One Of North York's Most Established And Accessible Corridors. **** CR Zoning Also Permits A Range Of Commercial And Community Uses, Including Office, Medical Office, Financial Institution, Personal Service Shop, Wellness Centre, Artist Studio, Educational Uses And Other Permitted Uses. Approx. FSI 2.5. ****
Minimum Rental Term:
0
Maximum Rental Term:
0
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
3000 sq. ft. Square Feet
Total Area:
3,000 sq. ft.279 m2
Lot Depth:
125'2"38.1 m
Lot Frontage:
50'1"15.3 m
Water supply:
Municipal
Zoning:
COMMERCIAL
Heating type:
Gas Forced Air Closed
Garage:
Double Detached
Parking Spaces:
8
Possession Details:
Immediate
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$26,843.29 /
2026
Assessment:
$- /
-
Toronto
Toronto C07
Lansing-Westgate
Public Transit, Subways
**Zoning Amendment Application Has Been APPROVED By City Council For Application Proposes To Develop A 6-Story Hotel Building With About 15000 SQFT Total Space Containing 38 rooms with 6 Surface Parking Spaces At 290 Sheppard Avenue West.**
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