28 Centre Av 2.07 Acres of Residential Land in Toronto, ON M2M 2L3
EXECUTIVE SUMMARY
Colliers International (“Colliers” or the “Advisor”) has been retained for the sale of 16 – 28 Centre Avenue, Toronto, Ontario (the “Property” or the “Development”).16 – 28 Centre Avenue has secured an Official Plan Amendment and a Zoning By-Law Amendment for a 10-storey residential building with a density of 3.98 FSI. The development will include 442 residential units, comprised of 287 1-bedroom units, 111 2-bedroom units and 44 3-bedroom units. The Property boasts substantial potential for profitability, backed by the strong pre-construction condominium sales in the area, reaching up to $1,600 PSF.
PROPERTY FACTS
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 2.07 AC |
| Zoning | RD |
1 LOT AVAILABLE
Lot
| Lot Size | 2.07 AC |
Spanning a total area of 2.07 acres, the Property comprises six residential lots, with 91.46 Meters along Centre Avenue. Situated just 850 meters from the upcoming Steeles Station, the property offers an outstanding opportunity for intensification.
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Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (84)
