23 Roycrest Avenue
Lansing-Westgate, Toronto, M2N 1R1
For Sale
25.63 BTC
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5 + 4
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 7 + 5
ROOMS C14135216
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Property Description
**RARE RAVINE-BACKED INVESTMENT & DEVELOPMENT OPPORTUNITY IN PRIME NORTH YORK!**Nestled at the end of a quiet cul-de-sac, this exceptional property offers approximately 1.8 acres of ravine setting, mature trees, beautiful natural surroundings and outstanding privacy.**Featuring a LEGAL WALK-OUT BASEMENT APARTMENT with strong existing rental income!** An excellent opportunity for investors seeking immediate cash flow while exploring the property's long-term potential.Ideal for luxury custom home buyers, builders and developers looking to explore a magnificent custom estate, multi-unit residential development or purpose-built rental apartments, subject to municipal approvals, zoning and ravine protection regulations.Conveniently located near Yonge & Sheppard, subway access, shopping, restaurants, schools and major highways.**A UNIQUE OPPORTUNITY COMBINING CURRENT RENTAL INCOME, EXCEPTIONAL PRIVACY, NATURAL BEAUTY AND FUTURE DEVELOPMENT POTENTIAL!**
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Nearby Intersections
Property Features
Carpet Free, In-Law Suite, Accessory Apartment
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Property Details
Property Type
Detached
Lot Size
31' x 489'
Acreage
1.8 Feet
Taxes
$11,191 (2025)
Basement
Apartment
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
15
Garage Type
Detached
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Listing contracted with Homenet Realty Inc.
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