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1460 VICTORIA PARK AVENUE
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1460 VICTORIA PARK AVENUE $6,950,000
2 days ago
$6,950,000
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1460 VICTORIA PARK AVENUE
Toronto (Victoria Village), Ontario M4A1W8

MLS® Number: C12135198

Listing Description

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. (40419144)

Location Description

Victoria Park Ave/O'Connor Dr

Property Summary

Property Type
Vacant Land
Community Name
Victoria Village
Land Size
128 x 200 FT
Annual Property Taxes
$46,838.23
Time on REALTOR.ca
2 days

Building

Utilities
Water
Municipal water
Business
Business Type
Residential (Residential)

Measurements

Square Footage
25543 sqft

Land

Lot Features
Frontage
128 ft
Land Depth
200 ft
Other Property Information
Zoning Description
CR1 (c1; r0)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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