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0.76 acres poised for immediate development, 100’ feet frontage on Danforth Avenue, existing municipal lane way off of Thora Avenue, zoned 4x residential, holding income generated by existing properties, sale, leaseback opportunity, VTB available, part of site already approved for development.
Colliers International is pleased to offer for sale the following property assembly of 3089-3095 Danforth Avenue, 3097-3099 Danforth Avenue and 39 Thora Avenue, a 0.76 acres site of which 90% is vacant, located in Toronto Ontario. The Properties assembled offer a rare opportunity for a mid-rise condo development along Danforth Avenue, situated just east of Victoria Park Avenue. This offering marks the largest residential development land opportunity along Danforth Avenue in over 15 years, supported by recent comparable residential land transactions achieving zoning approval for 5 times residential density. At 5 times residential density, the site offers over 120,000 square feet of building GFA, with approximately 10,000 square feet of excess land to spare. The neighbourhood offers unlimited retail options, including Shoppers World Centre, LCBO, Beer Store, Canadian Tire, Metro, banks, gas stations, restaurants, and in walking distance to Victoria Park subway station on the TTC Bloor-Danforth Line.
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.