Toronto E04 M1K 1L6
Canada

Property

Ownership: For Sale
Type: Unknown
Pets: No Pets Allowed

Financials

Price:C5,188,888
($3,728,500)
(€3,230,200)
Annual Taxes:C14,687
505 Park Ave, New York, NY 10022

RARE MIXED USE REDEVELOPMENT SITE.

Description

RARE MIXED-USE REDEVELOPMENT SITE. High-traffic corner property with versatile commercial/residential zoning. Lot size 60 x 100 ft. Includes a registered right of way over ten adjacent parcels (3539-3557 St. Clair Ave E) allowing curb ramp access, three ingress/egress points, and rights to use surface parking. Comes with 20 owned parking spaces.Walking distance to the future Scarborough GO Station. Excellent visibility and exposure. Interior features 20-ft ceilings and two flexible enclosures-ideal for retail, showroom, or future buildout. Outstanding opportunity for a purpose-built mixed-use development.Area is set for major growth with 15,000+ new residential units planned, plus the 5.6M sq. ft. Scarborough Junction Master Plan. Adjacent land assembly potential (approx. 40,246 sq. ft. combined). Right-Of-Way may be voluntarily released in the event of redevelopment. Seller is motivated. Fantastic investment potential!

Amenities

  • Public Transit

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.