930 Albion Road, Toronto, Ontario M9V1A4

Zoned for a Mid-Rise rental building. Currently vacant land. Potential to assemble with another adjacent parcel listed for $2.9M. Great location across from Shoppers Drug Mart, Grow Fitness, Mr. Lube etc. Application already submitted for 7 storey 65 units apartment building a total of 56, 000 sqft with some affordable units. No property taxes and no development fees on the affordable units. The owner already approved a government grant for $1, 200, 000 that can be used towards the construction of the building. There is potential to get 95% financing for the development trough the MLI select program with some of the best financing terms 45-50 yrs amortization and the lowest interest rate on the mortgage.