1370 Neilson Road

1370 Neilson Road
Toronto ON

1370 Neilson Road View1

Property Type

Land
Property Size
1.21 Acres
Available Space
1.21 Acres
Opportunity Type
Sale
Price
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1370 Neilson Road (the “Property”) represents an increasingly rare opportunity to acquire a 100% freehold interest in a 1.21 acre land parcel on the corner of Neilson Road & McLevin Avenue in the growing neighbourhood of Malvern, Scarborough North. The Property comprises a total land area of approximately 52,708 square feet, and is zoned for residential apartment (RA) uses, with recently approved zoning for a variety of commercial uses. The Property’s zoned status addresses the uncertainty and delays commonly associated with rezoning sites in the Greater Toronto Area (“GTA”), especially due to the recent overhaul of the Ontario Municipal Board (“OMB”), and the increased demand for mixed-use residential and commercial development sites. The Property offers a future owner the ability to take advantage of the current and future market demand for new mixed-use product in the rapidly gentrifying Scarborough market, an area offering excellent area amenities and future local public transit expansion plans.




Features

Zoned Development Site:

  • Site Area: 1.21 acres
  • Zoning: RA (au 40.5) (x741)
  • Max. Res. Site Coverage: 33%
  • Max. Res. Units: 121 units
  • Max. Height: 24 metres
  • Max. Comm Area: 12,379 SF


Conceptual Future Mixed-Use Development:

  • Storeys: Seven (7)
  • Res. GFA: 102,881 SF
  • Comm. GFA: 6,555 SF
  • Total GFA: 109,438 SF


Contact a Broker
Elliot Medoff_Commercial Real Estate Broker
Elliot Medoff

Sales Representative | Vice President

JLL

Toronto

+1 416 238 9768

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