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Queen Street West up Express Route 1296-1314 Queen Street West Exhibition Station Ontario Line (2030) Exhibition Station Lakeshore West GO Line Dufferin Street 1296-1314 Queen Street West Noble Street Queen Street West UP Express Route For Sale Brock Ave. 34,412 SF Queen St. West Redevelopment Site Fronting on Two Major Streets With Over 140 feet of Frontage on Queen Street West 1296-1314 Queen Street West Toronto, Ontario, Canada Investment Summary Accelerating success. The Offering Colliers International (“Colliers” or the “Advisor”) has been retained exclusively to arrange for the sale of 1296-1314 Queen Street West (the “Property” or “Site”) an assembled parcel of lands located within proximity of Queen Street West and Dufferin Street. Mid-Rise Development The Site presents an incredible opportunity for a Potential mid-rise mixed-use project in one of Toronto’s most in-demand neighbourhoods. The 0.79 Acre site is ideal Lake Ontario Gentrification of the West Queen for development as it has over 140 feet of frontage on West neighbourhood, coupled with Queen St W and includes sufficient frontage on Noble transit area and mixed-use official Street, located one block north of Queen St W. With 30 plan will bolster a favourable approved mid-rise development applications and 7,358 planning rationale for 8 storeys of total units within a 3 km proximity, as well as recent mid-rise residential development encouraging condo sale launches, the Site is prime for with potential for roughly 153,213 Gardiner Expressway redevelopment. square feet of Gross Floor Area. Area precedent for height and Achieving substantial holding income from a 34,045 SF massing offer strong potential for mixed use building, the site is surrounded by an city staff approval. abundance of retail and service-oriented amenities including restaurants, department stores, coffee shops West Queen West and grocery stores. With two entry points from both Queen St W and Noble St, the successful purchaser Market Fundamentals will be able to build an efficient mid-rise building after West Queen West residential receiving approvals. developments have seen high absorption for new construction projected post pandemic. End Property Details unit condo pricing have seen considerable appreciation over the Queen Street West 1296, 1298, 1300, 1302, 1304, last 24 months with recent projects Municipal Address 1306, 1308, 1310, 1312, 1314 averaging $1,080 per square foot Brock Avenue Queen Street West and unsold units in the West Queen Municipality Toronto West area at $1,206 per square foot average. Projects under Area West Queen West / Dufferin construction in the immediate area of the subject property have added Number of buildings: 10 1057 units with absorption levels over 85%. Site Area: 34,412 SF / 0.79 Acres Noble Street Frontage: 141 Feet Former General Zoning By-law 438-86 (Toronto) Mixed Use Zoning: Commercial Residential – CR 2.5 (c1.0; r2.0) SS2 (x1766) Mixed-Use (Queen Street Official Plan West) + Neighbourhoods (Noble Street) 2 | COLLIERS INTERNATIONAL: PRIVATE CAPITAL INVESTMENT GROUP 1296-1314 QUEEN STREET WEST REDEVELOPMENT | 3 Investment Highlights Neighbourhood – the King and Queen streetcar routes, West Queen West enables simple and direct access Growing Area of the Toronto’s Core West Queen West to and from the neighbourhood, regardless of transportation method. • With 5 mid-rise development projects under construction within 1 km proximity. West Queen West is a vibrant Toronto • PSF average for condos + rentals neighbourhood with a diverse population The area is characterized by a well-balanced and thriving artist community. Though largely mix of historic Victorian residences and newer Potential for an Efficiently Constructed Midrise Building residential, West Queen West has a booming rental developments, with its diverse group of • With significant frontage on Queen St W and additional frontage on Noble St. retail hub along Queen Street West. residents able to take advantage of direct access to Lake Ontario and Marilyn Bell Park. West • Preliminary mid-rise massings show potential of 153,213 SF in an 8-storey mid- Connected to Downtown Toronto via the Queen West is a true international community rise building Gardiner Expressway, Lake Shore Blvd, and with a steady population growth rate. Transit Oriented with Queen Streetcar Stop • Directly in front of the site. Bloor Station • Only 16 minute walking distance to Liberty Village and 17 minute walk to Trinity Dufferin Mall Bellwoods, 1.6 km to Exhibition Station (for the future Ontario Line) Favourable Planning Rationale • For mid-rise with more recent applications submitted all within a 500 meter radius • Block through land parcel with mixed-use designation on Queen Street West. Noble Street ) 3 2 0 (2 e Lin io tar On Brock Avenue Exhibition Station Asset UP Express Ontario Place Lakeshore GO Train Line Queen Street West Ontario Line (2030) Billy Bishop Airport Gardiner Expressway 4 | COLLIERS INTERNATIONAL: PRIVATE CAPITAL INVESTMENT GROUP 1296-1314 QUEEN STREET WEST REDEVELOPMENT | 5 Colliers International Private Capital Investment Group 181 Bay Street, Suite 1400 Toronto, Ontario M5J 2V1 T: +1 416 777 2200 F: +1 416 777 2277 Jeremiah Shamess* Vice President +1 647 884 5449 [email protected] Myles Kenny* Associate Vice President +1 416 620 2882 [email protected] Matthew Soper* Senior Sales Representative +1 416 791 7255 [email protected] * Sales Representative This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers international and/or its licensor(s). Copyright © 2021. Colliers Macaulay Nicolls Inc. collierscanada.com Accelerating success..
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