Development Opportunity in Scarborough 2733

KINGSTON ROAD

BRIMLEY ROAD

FOR SALE | 13,500 sf Site

2733 Kingston Road | Scarborough, ON PRIME DEVELOPMENT OPPORTUNITY 13,500 sf development site Iconic ’ location Spectacular green space and Lake views Proximity to Scarborough GO Station

For more information and to discuss pricing please contact The Multi-Residential Group: David Lieberman†, MBA Jonathan Hittner* Principal Vice President 416.673.4013 416.436.4417 [email protected] [email protected]

Neil Musselwhite† Vice President 289.795.4430 [email protected]

*Broker † Sales Representative Property Details Opportunity Avison Young has been mandated to advise and manage Municipal Address 2733 Kingston Road, Scarborough, ON the sale of 2733 Kingston Rd, Scarborough, ON (the Site Area 13,500 sf “Property” or the “Site”). This is a unique opportunity to acquire a single storey Frontage 162 ft motel featuring 16 guest rooms with development Mixed-Use area. potential. This opportunity provides the future owner with Official Plan & the potential to intensify the site and redevelop as to its Zoning Allows for a wide range of uses and development potential. highest and best use. Financing Treat as clear Highlights Taxes $25,562 (2019) Location | ’s iconic Scarborough Bluff’s area, east of Toronto’s downtown core.

Development Potential Public Transportation | 20 Minute walk or Based on area developments, the subject property is likely short drive from Scarborough GO Station and looking at 4x-5x or potential build of 54,000 sf - 67,500 sf. Proximity to future Eglinton LRT stop. Nature | Waterfront trails, dramatic cliffs, acres of SITE SIZE COVERAGE THAT CAN BE ACHIEVED lakefront parkland, a variety of yacht clubs and 4x 4.5x 5x the Toronto Hunt Golf and Country Club. 15,500 sf 62,000 sf 69,750 sf 77,500 sf Demographics | Ethically diverse neighbourhood. 32% of population are immigrants. 18% of population rent as opposed to ownership.

Scarborough Bluffs’ Neighbourhood Development Opportunity in Scarborough 2733 KINGSTON ROAD

Location Map

2880 Kingston Road 101,923 sf | 145 Units | 5.01 FSI

2746 Kingston Road 399,583 sf | 411 Units | 4.23 FSI 2799 Kingston Road 164,548 sf | 182 Units | 3.69 FSI

KINGSTON ROAD

SUBJECT PROPERTY

BRIMLEY ROAD

Scarborough GO Station

New Developments Scarborough Bluffs Cathedral Bluffs Beach Yacht Club

St. Augustine’s Seminary of Toronto

SUBJECT PROPERTY KINGSTON ROAD

Resthaven Memorial Gardens

BRIMLEY ROAD

OFFERING PROCESS Offers will be reviewed starting April 16th, 2020. Additional information is available upon request Please contact the listing team with any questions. and written acknowledgement of confidentiality

For more information, please contact Pricing THE MULTI-RESIDENTIAL GROUP † The property is being offered for sale “unpriced”. David Lieberman , MBA Principal All expressions of interest may be submitted in the form of 416.673.4013 a Letter of Intent or an Agreement of Purchase and Sale and [email protected] should include the following: Jonathan Hittner* Vice President • Address and contact info 416.436.4417 • Purchase Price [email protected] • Deposit Structure Neil Musselwhite† • An indication of material terms required by the purchaser Vice President • Evidence of the purchaser’s financial ability to complete 289.795.4430 the transaction [email protected]

*Broker † Sales Representative avisonyoung.ca

Avison Young Commercial Real Estate (Ontario) Inc., Brokerage 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724

The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.