880 Eastern Ave, Toronto, M4L 1A3

Listing Overview

Description

Receivership sale process. Full Address is: 880 Eastern Avenue & 80 Knox Avenue Located in Toronto's desirable Leslieville neighbourhood, the Property has a total site area of approximately 0.67 acres (29,170 sf), with superior access to urban amenities as well as being steps away from the Lake Ontario Waterfront and numerous outdoor recreation opportunities. The Property has been advanced through the development application process for a purpose-built rental building. A Zoning By-Law Amendment was obtained in the summer of 2023 to permit the development of a 12-storey, 200-unit residential rental development that includes 156,787 square feet of gross floor area with 1,808 sf of retail uses at grade and an overall floor space index of 5.36x. The approvals allow for a maximum gross floor area of 166,518 sf, and in February 2025 a revised development concept was created that proposes to increase the GA on the Site by approximately 12,021 square feet resulting in an additional 21 units and a more efficient design. This revised concept has a total GFA of 168,808 sf and 221 residential units. It is optional to purchase the two adjacent residential properties located at 874 and 876 Eastern Avenue. These two properties are not part of the approved redevelopment site, but can be incorporated into the future development or be used for construction staging/lay-down purposes.

7 months

On Market

Land

Property Type

$127,818 / Year

Est. Taxes

Designated

Style

Residential

Business Type

-

Franchise