Attention Builders, Investors & End Users - Rare Toronto Redevelopment Opportunity! Unlock the potential of this exceptional 3,000 sq. ft. property situated on an oversized 25 x 150 ft. lot in one of Toronto's most connected and sought-after neighbourhoods. The heavy lifting has already been done-this home has been completely gutted and awaits your vision, offering a blank canvas for a custom rebuild or investment project. Included with the property are approved architectural drawings, City-approved plans, and permits for the conversion and retrofitting of a single-family residence with a self-contained basement apartment. The basement has already been professionally underpinned, providing approximately 8-foot ceiling height and creating valuable additional living space. For investors seeking greater density, architectural drawings for a proposed 5-unit multiplex are also available, presenting an exciting opportunity to explore alternative redevelopment possibilities. The expansive lot is a true standout feature, offering a generous backyard along with ample laneway parking possibilities-an increasingly rare find in the city. Currently designated as a multiplex, the property may also present future opportunities for those looking to reconfigure it as a multi-unit investment property. The lot size and layout may further support the potential for a garden suite or laneway suite. Conveniently located in the vibrant Parkdale neighbourhood with an impressive Walk Score of 80 and Transit Score of 96, Cowan is one of the most sought-after streets in Parkdale/Toronto - with its summer street sale and Halloween extravaganza - you will enjoy easy access to transit, local shops, restaurants, parks, and everyday amenities. Property being sold in its current state. Approved plans, permits, and additional architectural drawings for a proposed 5-unit multiplex available upon request.