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Erlene Brown & Rosa Macleod FOR SALE | MIXED USE / HIGH RISE DEVELOPMENT POTENTIAL 1855-1911 DUNDAS STREET EAST MISSISSAUGA, ON 3025 LENWORTH DRIVE INCLUDED IN PARCEL Erlene Brown & Rosa Macleod Erlene Brown Rosa MacLeod Sales Representative Sales Representative 905.580.5349 647.444.9715 [email protected] [email protected] Royal LePage Realty Plus, Brokerage* Royal LePage Signature Realty, Brokerage* 2575 Dundas Street West Suite 201-30 Eglinton Ave. West Mississauga, ON L5K 2M6 Mississauga, ON L5R 3E7 T 905.828.6550 | F 905.828.1511 T 905.568.2121 | F 905.568.2588 www.royallepagecommercial.com www.royallepagecommercial.com THE OFFERING HIGHLIGHTS Royal LePage Commercial is pleased to offer for sale 1855-1911 Dundas Street East (the “Property” or PROFESSIONALLY MANAGED “Site”), a landmark investment opportunity located on Ontario’s major arterial road, Dundas Street East in PROPERTY Mississauga. This 7.09 Acre site has 819’ frontage on Dundas and is located within the Mississauga “Dundas Capital spending on the existing building which Connects” Master Plan and Ontario’s “A Place to includes roof replacement completed in July Grow: Growth Plan” act. It is ideal for mixed-use/ 2020 plus several tenant improvements high rise development that can provide for the future residents of this growing city. Mississauga, Canada’s 6th largest city and third-most GREAT INVESTMENT TO HOLD AND in Ontario is known for its suburban living with urban DEVELOP conveniences. Sought after location by immigrants from all over the world, Mississauga has seen a lot of Currently the buildings on the site are 100 % investment flowing in to build condos, residential and Leased. commercial complexes with increased transportation networks for easy access to the GTA and other important areas. Mississauga has received many awards for beauty, innovation and city management. SAFE COMMUNITY It was also recently recognized as the number 1 mid- sized city of the future (2019.2021) in all of the Americas Mississauga is an up and coming business area for strong economic performance. with strong economic growth and a generally affluent population. There are a mix of great The growth of Mississauga is directly attributed to its residential areas to choose from – mostly all are proximity to Toronto (28 KM – 33 minutes) and is ideal safe, affluent, well served by public transport place for business and families. Neighborhoods and and full of shops and other points of interest. planning policies have been designed to encourage Mississauga has been considered Canada’s urbanization and guide future growth in this world wide safest city for 9 years running. respected community. The site is currently zoned C3-66 but forms part of the City’s Dundas Connects Master Plan and are being advanced for Mixed-Use-Development, consisting of HIGH RESIDENTIAL GROWTH commercial and residential intensifications uses The city of Mississauga is growing rapidly – its population has nearly doubled in the last 25 The Subject Lands form part of the City’s Dundas years. It is an international business hub with 60 Connects Master Plan and are being advanced for out of the Fortune 500 companies housing their Mixed Use Development, consisting of commercial International, Global or Canadian headquarters and residential intensification uses. The high prices in this city. It is an extraordinary place which has of detached, semi-detached homes is increasing the grown from a disconnected and spread out set demand for vertically-oriented buildings to support the of communities to a fully identifiable city with its growing population of the 3rd largest city in Ontario. own identity and brand – both as a city and as a business hub PROPERTY EASE OF ACCESS ON ALL FOUR OVERVIEW DIRECTIONS Address: 1855-1911 Dundas Street East The Site is situated right on Dundas Street East, a major arterial road and is just 1.7 KM to the Site Area: 7.09 Acre 427, 18 mins to Highway 401 and 7.9 KM to the Queensway. The area is under a reconfiguration Dundas Frontage: 819’ frontage plan for road widening to allow easier and more rapid transit. LOCATION OVERVIEW Located in south-central Ontario in the municipality of the city of Mississauga, south of Mississauga City centre, on Dundas Street East – the gateway to an area positioned for significant growth. The Site borders an established residential community setting with schools, parks, best-in-class shopping and additional amenities. The Site’s location is minutes away from a number of cultural attractions, golf courses, trails and recreation centres, making it ideal for families. The site is 1.7 km from Highway 427 and has a bus stop right on its corners providing a direct link to the Dixie Go Station which is also accessibly by foot (23 minutes) and provides easy access to Downtown Toronto in just 26 minutes. The site is transit-oriented and pedestrian-friendly and is contained within the “Dundas Connects Master Plan” recognizes the key part the street plays in Mississauga’s and Ontario’s transportation network, with thousands of people using it every day to move around the city. DUNDAS CONNECTS MASTER PLAN • Implementing Bus Rapid Transit (BRT) along Dundas Street • Encouraging mixed-use development that supports transit • Creating more open spaces and community facilities • Maintaining existing and supporting new affordable housing • Maintaining four traffic lanes along Dundas Street • Providing safe cycling infrastructure along the length of the Dundas Street Corridor • Enhancing pedestrian space and providing street trees • Encouraging street-related retail while supporting existing businesses This plan will greatly enhance the connection between the property and surrounding area. 24 mins / 20.8km to DOWNTOWN LOCATION TORONTO OVERVIEW Given the ideal location of the Subject Lands, they are prime lands for development intensification and is surrounded by diverse retail offering, including highly desired brands such as Metro, Winners, LCBO and Dollarama as well as diverse Food offerings such as National chains like Tim Horton’s, A&W, Laura Secord, Harveys, Starbucks, Eastside Mario’s, Creekside crossing Smart center including Costco, Starbucks, Walmart, Go station and many more. Just 24 mins (20.8 km) from Downtown Toronto, which has a population of 6,197,000. 1.5 KM 4 MIN TRANSIT & HIGHWAYS 5 mins to HWY 427 DEVELOPMENT OVERVIEW 9 mins to 6 mins to The Site represents a fantastic opportunity for a high density, residential development within the City of Mississauga 9 mins to TTC KIPLING SUBWAY & GO STATION GARDNER HWY 401 EXPRESSWAY along the Dundas Street Corridor. The Subject Lands form part of the City’s Dundas Connects Master Plan and are being advanced for Mixed Use Development, consisting of commercial and residential intensification uses. The Subject Lands are also part of the Major Transit Station Areas currently being considered as part of the Region of Peel Official Plan Review. Major Transit Station Areas are the focus of intensification growth and are to be protected from development appeals. Subject Lands have been removed from the Provincially Significant Employment Zone (PSEZ) which would permit a streamlined approval process, at the Region and City. 5 mins to DUNDAS STREET DIXIE GO STATION LOCATION OVERVIEW 15 MIN DRIVE 5 MIN DRIVE 23 MIN WALK TO DIXIE GO STATION 12 MINS 28 MIN COOKSVILLE GO STATION LOCATION OVERVIEW 33 MINS DAVENPORT BLOOR ST DUPONT BLOOR-YONGE BAY ST GEORGE SPADINA BATHURST CHRISTIE OSSINGTON DUFFERIN BLOOR GO STATION LANSDOWNE DUNDAS WEST DON VALLEY PKWY KEELE 26 MINS HIGH PARK RUNNYMEDE DUFFERIN STREET OLD MILL JANE ROYAL YORK ISLINGTON STATION KIPLING GO STATION KIPLING STATION 30 MINS DUNDAS 1855 DUNDAS QEW GARDINER EXPRESSAY DIXIE GO STATION PROPERTY PROPERTY DETAILS FEATURES OVERVIEW OCCUPANCY • PROPERTY SIZE: 7.09 Acres The main, one-storey, building of this retail plaza has 1855 Dundas Street East is occupied by multiple tenants. colourful facades facing Dundas Street, good show Tenants included Alexanian Carpet & Flooring, Money • FRONTAGE: 819’ Frontage on Dundas Street East windows and entrances, and truck docks at the back. Mart, Fabricland, etc. Most of the walls are brick faced. The structure dates • BUILDING SIZE: 160,000 SF Complex from the 1970’s with later alterations. The building at 3025 Lenworth Drive is occupied by Tiles Plus. 3025 Lenworth is a brick-walled, two-storey office and • PLANS: Within the Mississauga “Dundas Connects” industrial structure in average exterior condition. Master Plan & Ontario’s “A Place To Grow: STREET QUALITY Growth Plan” act Dundas is a busy 7-lane arterial road, lined in this district mainly by shopping centres and freestanding • NEARBY AMENITIES: 5 minutes From Dixie Go Station commercial buildings. and Creekside Crossing shopping hub • VIEWINGS: All showings through listing agents • ZONING: Rezoning process is underway BUILDING DETAILS TOTAL SIZE • OCCUPIED: 100% Leased 1855 Dundas Size: 120,000 SF ± 160,000 SF Year Built: 1970’s Store Units: 12 3025 Lenworth Size: ± 40,000 SF No. of Buildings: 2 PROPOSED SITE CONCEPT PROPOSED RENDERING SITE STATISTICS - CONCEPT A ZONING DESIGNATION SITE AREA TOTAL GFA FSI RAC 29,000 m² 111,829 m² 3.86 BUILDING AREA - CONCEPT A GFA (m²) GFA (sf) UNITS Commercial podium 7 6,856 m² 73,795 SF Commercial podium 8 6,399 m² 68,879 SF COMMERCIAL 13,255 m² 142,675 SF 0 Residential 1. 8,640 m² 93,000 SF 108 Residential 2. 12,433 m² 133,823 SF 155 Residential 3. 9,600 m² 103,334 SF 120 MID RISE 30,673 m² 330,157 SF 383 Res. Podium 5 10,284 m² 110,693 SF 129 Res. Podium 6 12,798 m² 137,759 SF 160 RESIDENTIAL PODIUM 23,082 m² 248,452 SF 289 Tower5 8,640 m² 93,000 SF 108 Tower6 13,500 m² 145,313 SF 169 Tower7 10,920 m² 117,542 SF 137 Tower8 11,760 m² 126,584 SF 147 RESIDENTIAL TOWERS 44,820 m² 482,438 SF 561 GFA 111,829 m² 1,203,722 SF 1233 GROWTH PLAN FOR THE GREATER GOLDEN HORSESHOE (2017) The Growth Plan for the Greater Golden Horseshoe was created under the Places to Grow Act in 2006, and was recently updated in May 2017 to provide policy direction up until 2041.
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