Description

*1374 & 1376-1386 Kingston Rd in the Birch Cliff community in Scarborough, ON. Located minutes to Lake Ontario and overlooking the Toronto Hunt Club, the Property provides serene, picturesque and unobstructed views which will benefit any future redevelopment of the Site. The offering represents a prime redevelopment opportunity for a boutique condominium, purpose-built rental or seniors housing project given its location, unobstructed views of the Toronto Hunt Club and prominent corner location. Situated within the Birch Cliff neighbourhood, the area is highly desirable given its proximity to Lake Ontario, schools, parks, local amenities and retail shopping. With existing approvals in place, the Property provides opportunity for redevelopment in the near term, or exploring other opportunities by capitalizing on the City of Toronto's new Mid-Rise Building Design Guidelines. A portion of the Site received ZBLA approval in 2019, allowing for the development of a 6-storey building with 50 residential units and a GFA of 59,300 sq. ft. This offering represents a rare opportunity for a range of developers, operators and investors to acquire an ideally located development site with in-place approvals and meaningful upside through evolving planning policies. Combined with its prominent corner location, views of the Toronto Hunt Club and Lake Ontario and strong surrounding amenities, the Property is well positioned to support a range of redevelopment opportunities.

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