$19,000,000
 $101,996 est/mo Sourced by Back At You

16-26 Coburn Avenue,Toronto E03, ON M4K 2E7

Toronto E03, ON M4K 2E7

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Description

Approved high-density redevelopment assembly with in-place multifamily income in East York's Broadview North neighbourhood. Three adjacent parcels at 16, 20 & 26 Cosburn Ave., totaling approx. 23,203 SF (0.53 acres) with 186 ft of frontage. Zoning by-law Amendment approved for a 25-storey (80.93 m) apartment builidng with 211,284 SF of FGA, including indoor amenity space. The current plan includes 299 units (38 bachelor, 153 one-bed, 76 two-bed, 32 three-bed; mix is flexible) and 29 parking spaces. Site Plan Application deemed complete September 2022, with a second resubmission made December 2024; a buyer may assume and finalize the application. Rental Housing Demolition approved by City Council in July 2023, subject to a Section 111 Agreement requiring 30 replacement rental units (27 affordable, 3 mid-range). The site is currently improved with a 3-storey, 30-unit apartment building (20 Cosburn), approx. 90% occupied, and two vacant detached homes (16 & 26 Cosburn), providing holding income and lease-up upside during pre-development. Located witin an MTSA, approx. a 6-minute walk to the future Ontario Line Cosburn Station, with TTC bus service to Broadview and Pape stations steps away. Cloe to the DAnforth, Pape Ave. shops and the Don Valley trail systems.

Details

MLS #E14028870
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site20
Listing Provided ByCOLLIERS | E14028870 336800

Features

SQ Feet23,203
Acreage0.53

Utilities

UtilitiesYes
SewerSanitary+Storm

Taxes

Tax Annual Amount61193.07
Tax TypeAnnual
Tax Legal DescriptionPT LT 13 CON 2 FTB TWP OF YORK AS IN TB507759; TORONTO (E YORK), CITY OF TORONTO; PT LT 13 CON 2 FTB TWP OF YORK AS IN EY135483; TORONTO (E YORK), CITY OF TORONTO & PT LT 13 CON 2 FTB TWP OF YORK DESIGNATED PT 1 PLAN 66R28432 CITY OF TORONTO
Tax Year2025

Area Information

ProvinceON
CountyToronto
CityToronto E03
Postal CodeM4K 2E7
AreaBroadview North
Listing VS Median (in M4K 2E7)
Price:
$19,000,000
low | high
Med:
$19,000,000
50% of Average
sqft:
23,203
low | high
Med:
23,203
50% of Average
$ / sqft:
$819
low | high
Med:
$819
50% of Average
On site:
20
low | high
Med:
20
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

JESSICA CHRISTINA ALMEIDA

JESSICA CHRISTINA ALMEIDA

Coldwell Banker The Real Estate Centre

 (416) 997-6255jessica.almeida@wearetrec.com
ProvinceON
CountyToronto
CityToronto E03
Postal CodeM4K 2E7
AreaBroadview North
Listing VS Median (in M4K 2E7)
Price:
$19,000,000
low | high
Med:
$19,000,000
50% of Average
sqft:
23,203
low | high
Med:
23,203
50% of Average
$ / sqft:
$819
low | high
Med:
$819
50% of Average
On site:
20
low | high
Med:
20
100% of Average
Sourced by Back At You
Listing Updated: October 13, 2026 at 3:42:34 PM PDT