15 Mahoney Ave, Toronto, ON

Prime shovel-ready development opportunity offering two distinct paths to value: build 3 single-family townhomes immediately, or maximize density with 3 triplexes (9 units total) under approved zoning. The offering comprises three separate lots being processed through part-lot control, allowing exceptional flexibility for builders, investors, or multi-generational living arrangements. Option A is ready to build now with fully issued permits for three architect-designed, four-level towns featuring covered carports and private decks. Option B offers 5,668 sq. ft. of buildable GFA across 9 two-bedroom units with no Site Plan Approval (SPA) required and permit drawings already submitted-perfect for strong rental yields and attractive CMHC multi-unit financing opportunities (such as MLI Select). Complete with an existing bungalow on site, this high-demand pocket is just steps to the Eglinton LRT, Weston GO, UP Express, and TTC transit. The second photo is a 3D Rendering for Option A for which building permits have been issued and Site Plan Approval is confirmed to not be required. Renderings for Option B are not included with the listing photos but are available.