3312 Danforth Ave, Toronto, M1L 1C4

Listing Overview

Description

ATTENTION DEVELOPERS AND BUILDERS Rare Development Opportunity at 3312 Danforth Ave. Welcome to 3312 Danforth Ave., a prime redevelopment site in a high-demand pocket of Scarborough. The Zoning By-law permits a 10 Storey Mixed-Use Residential building that will require approval through the Committee of Adjustment for Minor Variance. An application has been submitted for Site Plan Approval to the City of Toronto. The development application proposes 72 Residential Units and 1 grade related Commercial Unit. The unit breakdown is as follows 9-1 Bedroom + Den units , 55-2 Bedroom Units and 8-3 Bedroom Units. ALL engineering studies in support of the application have been submitted in conjunction with the Site Plan Approval Application. This is a prime development opportunity for both condominium or rental units. Ideally situated across from a park, this property provides future residents with green space at their doorstep, excellent transit access, and a short commute to Downtown Toronto. The area is experiencing rapid growth, making it an attractive location for a new residential or mixed-use development. With much of the groundwork already done, this site allows for a streamlined path to construction. This property is being sold under Power of Sale.

4 days

On Market

Land

Property Type

$15,942 / Year

Est. Taxes

Designated

Style

Other

Business Type

-

Franchise

Location & Areas