
Toronto
Detached in Toronto
$1,599,900
98 PITT AVENUE, Toronto, M1L2R6
MLS Number: E14127860
Beds
6
Baths
2
Listing
For Sale
Type
Detached
Square Feet
700 - 1,100
Prime Multi-Unit Development Opportunity - Fully Severed, Approved, & Ready for Building Permits!ATTENTION BUILDERS & INVESTORS: Offered at $800K Per Lot ($1.6M Total for Both Severed Lots). Option to purchase 98 Pitt Ave or 98A Pitt Ave as individual lot, or acquire both lots as a complete turnkey package.Prime candidate for multi-unit redevelopment, ideal for a 4-plex plus! Bypass a full year of municipal delays and start building immediately. All the heavy lifting, planning red tape, and upfront capital investment have already been meticulously handled for you at 98 & 98A Pitt Avenue. Save over 1 year of waiting period for severance and other permits: this exceptional property comes completely ready for construction, featuring a fully completed lot severance (creating two distinct buildable lots) and Committee of Adjustment approval already secured. Skip the lengthy administrative cycle-the Zoning Certificate is locked in, Urban Forestry clearance is complete, the tree damage deposit is paid in full, and required tree protection fencing is already installed on-site. Additionally, the heavy financial and creative investment is completely done-fully paid, professional architectural designs (around $26,000 value) for both 98 and 98A are included and ready to go.There is no more waiting on planning committees, forestry reviews, or design drafts. A full year of time and effort is already banked for you. The path forward is crystal clear: simply submit the complete, ready-to-go architectural plans to pull your building permits and break ground. Single Lot Purchase: Ideal for custom home builders or end-users looking for a pre-approved single-lot build. Package Purchase (Both Lots): Perfect for multi-residential developers looking to maximize site yield and profitability.An unmissable opportunity to skip the queue and fast-track straight to project execution!
Location
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98 PITT AVENUE, Toronto, M1L2R6
Nearby Schools
Schools near 98 PITT AVENUE
Distances are measured in a straight line from this property.
Regent Heights Public School
Elementary school · Grades JK-8
Toronto DSB
555 Pharmacy Ave, Scarborough, Ontario, M1L3H1
Our Lady of Fatima Catholic School
Elementary school · Grades JK-8
Toronto CDSB
3176 St Clair Ave E, Toronto, Ontario, M1L1V6
George Webster Elementary School
Elementary school · Grades JK-8
Toronto DSB
50 Chapman Avenue, East York, Ontario, M4B1C5
Victoria Park Elementary School
Elementary school · Grades JK-5
Toronto DSB
145 Tiago Ave, East York, Ontario, M4B2A6
Crescent Town Elementary School
Elementary school · Grades JK-5
Toronto DSB
4 Massey Square, East York, Ontario, M4C5M9
Gordon A Brown Middle School
Elementary school · Grades 6-8
Toronto DSB
2800 St Clair Ave E, East York, Ontario, M4B1N2
Selwyn Elementary School
Elementary school · Grades JK-5
Toronto DSB
1 Selwyn Ave, East York, Ontario, M4B3J9
Clairlea Public School
Elementary school · Grades JK-8
Toronto DSB
25 Rosalind Cres, Scarborough, Ontario, M1L2X1
Proximity does not guarantee enrollment eligibility. Verify attendance boundaries and admission requirements with the relevant school board before making a decision.
Estimate Tool
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Down Payment
$319,980
Mortgage Amount
$1,279,920
Principal + Interest
$7,400 / mo
5-Year Term Payments
$444,029
Estimated Monthly Carrying Cost
$8,050
Includes principal, interest, property tax, condo fees, and heating estimates.
This is a planning estimate only. It excludes mortgage insurance, lender qualification rules, legal fees, insurance, utilities beyond heating, and other closing or ownership costs.
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