- Property size 41,648 ft2
FIRM - Highland Creek Village Plaza, Scarborough - retail for sale
JLL’s National Retail Investment Group is pleased to offer for sale a 100% freehold interest in Highland Creek Village Plaza, comprised of 41,648 SF in the heart of Scarborough. The plaza is currently 91.5% occupied and leased to a diverse mix of service oriented and needs-based retailers, drawing visitors to the plaza for a variety of reasons. Situated on a 1.08 acre corner lot, the site offers premium frontage and visibility on Old Kingston Road, a busy thoroughfare with high daily traffic counts.
The site is centrally located in Scarborough, in close proximity to the University of Toronto Scarborough Campus and Centennial College. This part of Scarborough is easily accessible by vehicle and public transportation with multiple bus routes servicing the area 7 days a week. The site is surrounded by an affluent, established residential neighbourhood with new residential developments planned and under construction in the immediate area. Over 7,600 residents live within a 1 km radius and this number is expected to increase by 5.26% over the next 5 years.
The site is part of the Highland Creek Secondary Plan, allowing for future redevelopment of the site.
- The plaza benefits from premium visibility at the intersection of Old Kingston Road & Morrish Road, in the heart of Scarborough. It is also in close proximity to both The University of Toronto Scarborough Campus and Centennial College.
- Over 80,000 residents live within a 3 km radius of the site with an average household income of $102,000. This population is expected to increase by 3.55% over the next 5 years.
- The Property is part of the Highland Creek Secondary Plan, which allows for future redevelopment of the site.