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$ 5,500,000
Est. payment | /mo
4,200 SqFt
$ 5,500,000
Est. payment | /mo
4,200 SqFt
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $1,309
Subdivision Clairlea-Birchmount
MLS Listing ID E12276286
Annual Tax Amount $14,687
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Commercial & Residential property RARE FIND. This remarkable high-traffic corner property offers and exciting redevelopment opportunity for both commercial and residential uses. Measuring an impressive 60 by 100 feet, the site is ideally suited for a wide range of developments thanks to its versatile zoning;Subject holds a right of way over the adjacent TEN properties (3539, 3541, 3543, 3545, 3547, 3549, 3551, 3553, 3555 and 3557 St. Clair Ave E) to allow the subject curb ramp access throughout the subject plaza (three ingress/egress points and rights to use surface parking). Key Features:Walking distance to the upcoming Scarborough GO Station, making it highly accessible and transit-oriented.Situated on a bustling corner, this property benefits from maximum exposure and foot traffic.Ownership includes 20 designated parking spaces, enhancing convenience for both tenants and customers.Flexible Interior: The main level boasts soaring 20-foot ceilings and two distinct enclosuresideal for custom-built designs tailored to your unique vision.This site presents the opportunity to construct a purpose-built, mixed-use development that capitalizes on space efficiency, visibility, and long-term value.Future Growth: With over 15,000 new residential units projected to enter the surrounding area in the coming years, demand for mixed-use developments will be at an all-time high. Including 5.6 Million sqft Scarborough Junction Master Plan community. This property is strategically positioned to benefit from the significant transit-oriented growth in the region.The total land making up all aforesaid adjacent parcels is approximately 40,246 sqft. In the event of a land assembly for redevelopment of the adjacent parcels over which the subject holds the right of way, the subject owner(s) would voluntarily have to release the aforementioned right of ways to give way for the future use. Opportunity to make an excellent investment + the SELLER IS MOTIVATED!!
Location
Province ON
County Toronto
Community Clairlea-Birchmount
Area Toronto
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 60.0
Lot Depth 100.0
Others
Security Features Yes
Listed by VERTICAL MARKETING REALTY
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