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New2 hours ago

98 Pitt Avenue

Clairlea-Birchmount, Toronto

$1,599,900

Detached|Bungalow
3 | 2 | 4
About this home

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!

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,374
Lot Size50 ft x 106 ft
mls© NumberE14127860
Listed ByCENTURY 21 TITANS REALTY INC.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,189
Property tax
$364
Heat allowance
$150
Housing costs
$8,703 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $319,980
25-yr amortization

Income needed

$268,000

gross annual household income

Payment at 4%
$6,733 / mo
Cash down
$319,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

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