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.
Address
1460 Victoria Park Avenue
List Price
$6,950,000
Property Type
Commercial
Type of Dwelling
Land
Area
Toronto C13
Sub-Area
Victoria Village
County
Toronto
Lot Size Source
GeoWarehouse
Lot Depth
200
Lot Shape
Rectangular
Lot Type
Lot
Lot Size Units
Feet
Lot Width
128
MLS® Number
C12135198
Listing Brokerage
COLLIERS
Postal Code
M4A 1W8
Tax Amount
$46,838.23
Tax Year
2024
Sewer
Sanitary+Storm Available
