298 Newton Drive

Toronto, ON M2M 2P8 ( Newtonbrook East)

Quick Facts

Type: Detached

Style: 2-Storey

Size: Sq Ft

Age: Years

Taxes: $ 8,408 ( 2025)

Updated: 2026-05-09 20:59:08

Description

This Two-Storey Solid Brick Home with 4+1 Bedrooms and 4 Washrooms, Situated in a High Exposure Strategic Location Right on the Prime Corner Of Bayview Ave & Newton Dr, With A 101 Feet Exposure On Bayview Ave and 83\' on Newton Drive. It Offers a Rare Opportunity for Investors, Developers, or Visionary Homeowners, Suitable for Living, Rental Income, or Great Opportunity for Future Development!! Under the City\'s Updated Zoning and Intensification Guidelines, the Lot May Support the Creation of Multiple Residential Units, Making It an Ideal Candidate for Multi-Unit Housing **, Income Properties, or a Modern Townhouse Project! ** Possible Options:1)Property Previously Received a Notice of Approval Conditions (N.O.A.C.) from the City of Toronto for Rezoning Approval Permitting Six (6) three-storey Freehold Townhouse Units with Vehicular Access from Newton Drive and Six Parking Spaces. Buyer to Verify Status and Requirements for Renewal/Reinstatement with the City. 2) 3-Storey Multi Unit Purpose Built Rental As Per ** CMHC MLI Select **! 3) Under the EHON Intuitive Bylaw, Allowing for the Creation of a 4-Story Stacked Townhouse Community of Up to 19 Units!! 4) For Those Considering a Larger Vision, the Property\'s Strategic Location and Assembly Potential with Adjacent Lots Enable the Possibility of a 6-Storey Boutique Condo Project, Accommodating Up to 60 Units. The Corner Positioning Allows for Flexible Access and Site Design Options! What Truly Sets This Property Apart Is Its Significant Redevelopment Potential. Buyer/Buyer Agent To Verify All Information and Proposals with City Planner! Whether You\'re Looking to Live, Invest, or Build, This Is a Unique Opportunity to Secure a High-Exposure/ Strategic Property with Strong Upside in a Growing Urban Area. Opportunities Like This Are Increasingly Rare-Explore the Possibilities and Unlock the Full Potential of This Prime Corner Lot, Convenient Access to Transit, and Key Urban Amenities!! The Proposed Renderings are Attached

Extras

Detached

Property

Status: For Sale

MLS #: C12953238

Price: $ 1,988,000

Address: 298 Newton Drive

Type:

Style: 2-Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 8,408

Tax Year: 2025

Lot Size:

Neighbourhood: Newtonbrook East

Nearest Intersection: Bayview Ave & Steeles Ave

City: Toronto

Postal Code: M2M 2P8

DOM: 8 Days

Last Update: 2026-05-09 20:59:08

Building

Interior

Bedrooms: 5

Bathrooms: 4

Rooms: 0

Kitchens: 1

Family Room:

Fireplace:

Basement: Finished,

Central Vacuum:

Exterior

Exterior: Brick,

Driveway:

Garage: Private Double

Garage Spaces:

Parking Spaces: 6.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

Features

Rooms