REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 6,950,000
Est. payment | /mo
25,543 SqFt
$ 6,950,000
Est. payment | /mo
25,543 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 25,543 sqft
Price per Sqft $272
Subdivision Victoria Village
MLS Listing ID C12135198
Annual Tax Amount $46,838
Tax Year 2024
Property Sub-Type Land
Property Description
An opportunity defined by the right scale, the right location and the right timing. 1460 Victoria Park Avenue (the "Property") presents and exceptional investment opportunity in one of Toronto's most rapidly growing areas, the Wexford-Maryvale neighbourhood. Approved for an 11-storey, mixed-use development, the Property offers a well-scaled project that minimized absorption risk and ensures a faster lease-up or sale process compared to larger developments. The Property's prime location is a major factor in its appeal, with excellent walkability to key amenities such as Eglinton Square Shopping Centre and the Golden Mile Shopping Centre, currently undergoing a transformative multi-billion dollar redevelopment. The upcoming Eglinton Crosstown LRT, with a station located less than 300-meters away, enhances the Property's desirability and offers connectivity throughout Toronto. Market timing is advantageous, allowing for potential cost savings in construction, which can translate into more profitable outcomes. Zoned for an 11-storey mixed use building, the Property can accommodate 113 residential units and approximately 108,650 SF of total GFA, including 1,055 SF of ground-floor retail space. With approvals in place, this is a rare chance for developers to secure a high-potential asset in a thriving urban corridor. As well, due to the reconfiguration of O'Connor Drive, a 35-storey mixed-use tower scheme with a GFA of 289,355 SF is now feasible. This is a unique opportunity to capitalize on a well-positioned, scalable porject in one of Toronto's most dynamic neighbourhoods.
Location
Province ON
County Toronto
Community Victoria Village
Area Toronto
Exterior
Utilities Available Available
Lot Frontage 128.0
Lot Depth 200.0
Listed by COLLIERS
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "