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2761 Kingston Rd - 2759-2763 Kingston Road 0.36 Acres of Residential Land Offered at $5,495,000 CAD in Toronto, ON M1M 1M8
INVESTMENT HIGHLIGHTS
- Approved for 68,981 GFA of residential within 10-storeys, with 4,661 square feet of retail space at grade
- Scenic south facing water views of Lake Ontario
- Appealing boutique site suitable for both condominium and purpose-built rental
- Desirable transit connectivity – 5-minute drive to Scarborough GO Station
PROPERTY FACTS
| Price | $5,495,000 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.36 AC |
| Property Type | Land |
| Price | $5,495,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.36 AC |
1 LOT AVAILABLE
Lot
| Price | $5,495,000 CAD | Lot Size | 0.36 AC |
| Price Per AC | $15,263,888.89 CAD |
| Price | $5,495,000 CAD |
| Price Per AC | $15,263,888.89 CAD |
| Lot Size | 0.36 AC |
DESCRIPTION
The subject property at 2759-2763 Kingston Road & 52 St Quentin Avenue is currently demised into three separate lots with two consisting of mixed-use retail and one single family home. The site is fully approved for a 10-storey boutique mid-rise building with 95 units with 73,642 ft²,of gross floor area, 4,661 ft² of retail and 2 levels of underground parking. The future development will offer south-facing, unobstructed views of Lake Ontario. These south facing units will offer a premium on the open market. The project is suitable for either conventional condominiums or purpose-built rental. There are currently 9 rental dwelling units and 2 retail units with 1 vacancy. The residential unit's average 726 ft², neatly fitting into the existing local residential market. (See attached OM available to view on CoStar) **Please contact Sales Representative for additional information**
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2761 Kingston Rd - 2759-2763 Kingston Road
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