- Property size 50,798 ft2
Forest Hill Landmark Developments - land for sale
175, 183, 185, 187 & 195 St. Clair Avenue West and 273 Poplar Plains Road (the “Property”, the “Site”) represents an exceptional opportunity to acquire a 100% freehold interest in a 1.2 acre (50,798 square foot) corner property in the Forest Hill neighbourhood of Toronto. Situated on the southwestern block of St. Clair Avenue West and Avenue Road, the Site is currently improved with a collection of buildings totaling 42,795 square feet (“sf”) that consist of a mixture of residential and commercial uses.
The Property is ideally suited for a mid-rise development, comprising luxury residential condominiums or multifamily apartment units with excellent view planes. Potential development is supported by the Site’s location within one of Toronto’s most sought after neighbourhoods, while the area surrounding the Property has seen substantial intensification in recent years which has been sustained by the availability of world-class amenities, including an abundance of retail, transit accessibility, services, green space, employment and boutique office space.
Aside from significant development potential, the Property also offers in-place income generated through strong occupancy, while all existing leases are structured to allow for near-term development.
Site Area: 50,798 SF (1.2 ACRES)
Frontage: 394 FT (St. Clair Avenue West)
Depth: 116 - 138 FT
Zoning: R (d2.0)
Official Plan: Apartment Neighbourhoods