701 Oriole Parkway

About This Property

Exceptional opportunity in the highly coveted Allenby Jr PS district in prime midtown Toronto. Rare 28.4' x 112.7' lot backing directly onto Eglinton Park with open, unobstructed views and a mature tree-lined setting that offers both privacy and the feel of no rear neighbours-an incredibly rare feature in this established family neighbourhood. Whether you are an end-user looking to build your dream home or a buyer ready to renovate, this property presents outstanding potential in a premier location. Being sold in "as is, where is" condition, this 2-storey detached home requires renovation but offers a significant advantage with approved plans and permits already in place. Build with confidence using city-approved drawings for a major 3-level addition/renovation totalling approximately 2,264 sq ft plus a finished walk-out basement-providing a rare turnkey opportunity to begin construction immediately without the time and uncertainty of the approvals process. Incredible flexibility to renovate, add on, or build new to suit your vision. The lot configuration and rear access also present the potential for a future garden suite (buyer to verify), further enhancing long-term value. Steps to top-rated schools, parks, and the vibrant Yonge & Eglinton corridor, with easy access to transit, shops, restaurants, and everyday amenities. A rare offering combining premium park backing, approved permits, and exceptional potential-an ideal canvas to create a custom home in one of Toronto's most desirable neighbourhoods.