Welcome to this remarkable land located in the coveted neighborhood of Woodbine Corridor. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $2,499,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
The Hard Part Is Already Done. Now It's Your Turn to Build.How often does a fully rezoned, shovel-ready site come to market on one of Toronto's busiest, most loved avenues - with every approval, every study, and every engineering question already answered for you? This is that site.While other developers are still waiting on planning approvals, fighting OLT appeals, or gambling on whether their rezoning will ever see daylight - you could already be moving into design development. The City of Toronto passed the zoning by-law for this property back in 2023. The appeal window closed. Nobody challenged it. It is final, binding, and yours to build on.No more waiting years for a planning decision. No more burning capital on holding costs while City Council deliberates endlessly. No more sleepless nights wondering whether your project will get approved. The runway is clear. The 16-unit, 7-storey mixed-use building with ground-floor retail is already entitled - you can start designing tomorrow. The geotechnical engineer has confirmed - in writing, stamped and signed - the Phase 2 Environmental Assessment is complete. The traffic study is complete. The Avenue Road study is complete. Someone already did the expensive, time-consuming work - and now you get to skip straight to building something real.This is a Major Transit Station Area. Coxwell subway is a five-minute walk away. The demographic surrounding this site is exactly who you want renting your units: young professionals, university-educated, high income, people who actively choose walkable, transit-connected living over a car-dependent suburb. They are already living next door, already lining up to move to the Danforth. You just need to give them somewhere to land. A respected architecture firm has already test-fit the site and proven the massing works - ten well-proportioned two-bedroom units, an efficient 3.71 FSI, a building that pencils on paper before you've spent a dollar of your own design budget.
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Data-driven valuation for 1793 Danforth Avenue, Toronto E02, ON M4C 1J2
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,499,000 in Toronto, the legal minimum down payment is $499,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $48,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $48,950 also applies, bringing the total estimated land transfer taxes to $97,900.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.