Living (4.26 × 4.34)
Laminate
Level: Main
185 Steeles Ave
Newtonbrook East, Toronto, Ontario M2M 3Y6
Description
**Exceptional Investment & Redevelopment Opportunity in Prime Newton brook East!** Attention Investors, Builders & Developers! Unlock the incredible potential of this expansive **67 x 120.75 Ft Lot** with excellent exposure on Steeles Avenue in a highly desirable Toronto location. Currently configured as **5 income-generating rental units**, this property produces approximately **$7,000-$8,000 in monthly rental income**, offering immediate cash flow while planning your next development project.**Outstanding redevelopment potential for minimum 4-storey, 16-unit purpose-built rental building**, subject to municipal approvals and verification with the City of Toronto.50 foot lot has been granted same recently on Steeles Ave E. An excellent opportunity to explore **CMHC financing programs**, including MLI Select, for qualifying rental developments. Renovated in 2019 with numerous upgrades, the existing property offers flexible residential and potential professional office uses, a spacious driveway accommodating up to 7 vehicles, and a detached garage.**Invest Today, Generate Income Tomorrow & Build for the Future!** Whether you're looking to expand your rental portfolio, develop a multi-residential income property, or secure a strategic land investment in Toronto, this property offers tremendous long-term potential. **Rare Opportunity to Acquire a Large Income-Producing Lot with Significant Redevelopment Upside!***Buyer and Buyer's Agent to conduct their own due diligence regarding zoning, permitted uses, development potential, All development concepts are subject to City of Toronto approval.*
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- C14171514
- Board
- TRREB MLS®
- Days on market
- Tax
- $7,473
- Size
- 1500-2000 sqft
- Lot
- 67 × 120.75 Feet
- Parking
- 1 Detached, 8 Parking
Listing History
Listing activity for 185 Steeles Ave, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $1,588,000 | N/A | For Sale | C14171514 |
Property Details
Property
- Property Type
- Detached
- Style
- 1 1/2 Storey
- Community
- Newtonbrook East
- Municipality
- Toronto
Inside
- Bedrooms
- 4+2
- Bathrooms
- 5
- Bathroom Detail
- 2, 3pc, Main
- Bathroom Detail
- 1, 3pc, 2nd
- Bathroom Detail
- 1, 3pc, Bsmt
- Bathroom Detail
- 1, 3pc, Bsmt
- Basement Type
- Finished
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 1500-2000 sqft
- Construction
- Alum Siding
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 1
- Add. Parking
- 7
- Total Parking
- 8
Land
- Sewer
- Sewers
- Lot Size
- 67 × 120.75 Feet
- Lot Size Code
- Feet
Additional
- Foundation
- Concrete
- Roof
- Shingles
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- All exsisting appliances AS IS
Rooms (12)
Dining (3.65 × 4.34)
Laminate
Level: Main
Kitchen (3.4 × 3.55)
Laminate
Level: Main
Primary (3.65 × 4.02)
Laminate
Level: Main
2nd Br (3.43 × 6.09)
Laminate
Level: 2nd
2nd Br (3.0 × 4.49)
Laminate
Level: 2nd
Den (2.13 × 2.33)
Laminate
Level: 2nd
Br (3.81 × 4.82)
Laminate
Level: Bsmt
Br (2.89 × 3.31)
Laminate
Level: Bsmt
Kitchen (3.0 × 2.7)
Laminate
Level: Upper
Kitchen (2.0 × 2.0)
Laminate
Level: Bsmt
Kitchen (2.0 × 2.0)
Laminate
Level: Bsmt
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
18 records read 10 on record nearby 8 no record found in the source searchedMatched 2026-11-12
Water and conservation
- Not in Toronto and Region Conservation Authority’s mapped regulated areaChecked at the listing’s mapped point, not across the whole lot.
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasChecked at the listing’s mapped point, not across the whole lot.
- 3 building permits issued within 250 m in the last 2 years
- 1 open development application within 250 mAn application is a proposal: it may change, be refused or never be built.
- Nearest airport: 6.7 km
- Mapped parcel: about 8,050 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
Province of Ontario open data · Municipal building permits · Municipal development applications · City of Toronto property boundaries
Around the home
- Nearest rail line: 820 m
- A trail or path within 1 km
- At least 1 licensed child care centre within 1 kmFrom Ontario’s list of licensed child care centres. It does not show available spaces, fees or waiting lists.
Province of Ontario open data · Provincial and municipal trail maps
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is The Raywal Limited Partnership — Main Plant, 2.6 km away. Only facilities above the inventory’s reporting thresholds are listed.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Toronto Hydro-Electric System Limited
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rally. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$7,280
- Down payment$317,600
- Mortgage amount$1,270,400
- Total interest$913,600
- Total cost$2,501,600
Cash flow analysis
$7,280
Total monthly payment
$7,903
Break-even down payment
100%
Cash flow-$7,903
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$1,588,000
$1,588,000
CAD
Estimate unavailable
Similar active listings
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.