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The subject property is a mixed use development of 88,000 SF of retail and office space. Entire site (14.6 acres) can be developed into a mixed use of residential towers, hotels and retail. Residential Component includes plans for 102 townhomes in varying configurations and 104 low-rise apartment units. The land is currently zoned DR - Development Reserve Zone. Zoning for the area - south of Canadian Tire Centre to Hazeldean Road - is in the process of being changed towards an urban village concept: mixeduse, high and medium density residential, intensive employment, and prestigious business park. The asking price is $7,995,000.00.