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23 Roycrest Avenue, Toronto, ON M2N 1R1

$2,388,000
: 9
BD
: 2
BA
: 1,100
SqFt

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List Price: $2,388,000
MLS#: C14135216
Status: ACTIVE
Type: Single Family Residential
SubType: Detached
Style: Bungalow
Bedrooms: 9
Bathrooms: 2
Living Area: 1100-1500
Province: ON
Municipality: Toronto
Area: Toronto
Neighborhood: Lansing-Westgate
Subdivision: Young/Sheppard

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Property Description

**RARE RAVINE-BACKED INVESTMENT & DEVELOPMENT OPPORTUNITY IN PRIME NORTH YORK!**Nestled at the end of a quiet cul-de-sac, this exceptional property offers approximately 1.8 acres of ravine setting, mature trees, beautiful natural surroundings and outstanding privacy.**Featuring a LEGAL WALK-OUT BASEMENT APARTMENT with strong existing rental income!** An excellent opportunity for investors seeking immediate cash flow while exploring the property's long-term potential.Ideal for luxury custom home buyers, builders and developers looking to explore a magnificent custom estate, multi-unit residential development or purpose-built rental apartments, subject to municipal approvals, zoning and ravine protection regulations.Conveniently located near Yonge & Sheppard, subway access, shopping, restaurants, schools and major highways.**A UNIQUE OPPORTUNITY COMBINING CURRENT RENTAL INCOME, EXCEPTIONAL PRIVACY, NATURAL BEAUTY AND FUTURE DEVELOPMENT POTENTIAL!**

905.449.7653

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Additional Information

Taxes: $11,191
Heat Type: Forced Air
Heat Source: Gas
Air Conditioning: Central Air
Kitchens: 2
Exterior: Brick
Garage Spaces: 1
Garage Type: Detached
Pool: None
Parking Spaces: 16