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1 2535 GERRARD STREET E · TORONTO, ON LAKE ONTARIO BLANTYRE AVE KINGSTON ROAD COALPORT DRIVE CLONMORE DRIVE GERRARD STREET E 1 Site Plan to be submitted Scarborough Bluffs 1 LAKE ONTARIO SCARBOROUGH Birchmount Park Collegiate Scarborough Gardens Arena 2535 GERRARD STREET E · TORONTO, ON The Offering The Land Services Group is pleased to offer for sale 2535 Gerrard Street East (the “Site” or “Property”) in the City of Toronto. The Site has an approved Zoning By-Law Amendment (ZBLA) and Official Plan Amendment (OPA) to permit the development of 37 stacked townhouse KINGSTON ROAD units with a maximum GFA of 4,360 square metres (46,931 square feet as per By-Law 569-2013). The development is known as The Tree House Site and has been designed as an ultra modern development with two-storey lofts and rooftop terraces. The units are comprised of a mix of two and CLONMORE DRIVE three bedroom suites. The development is within three separate blocks DANFORTH AVENUE (A,B,C) arranged one set back behind the other from Gerrard Street E. The minimum number of parking spots is 54, of which 46 parking spots must Victoria Crossing be for residents and eight for visitors. The parking is proposed to be one Blantyre Park level of underground. The offering provides an exciting opportunity to develop within the Birch Cliff Neighbourhood of Scarborough for medium density residential. The Site is ideally located within close proximity to a number of local CP RAIL LINE transit routes including TTC bus routes and subway stations, as well as the Scarborough GO Station and Danforth GO Station. Blantyre Public School PROPERTY INFORMATION Address 2535 Gerrard Street E, Toronto VICTORIA PARK AVENUE Site Area 36,511 square feet (0.84 acres) Frontage 100 feet Depth 299 feet to 430 feet Approved ZBLA Unique Infill Positive Stacked Official Plan and OPA Design Townhouse Sales Neighbourhoods; Site and Specific Policy 525 (as amended) The Site has approvals to permit the The previous Site Plan provides a New home sales for similar product GERRARD STREET E development of 37 stacked townhouse unique design for end unit product. in the surrounding area have been Zoning (as amended) RM (f30; u37) (x42) units within three blocks and one level The development is designed by favourable, with one of the projects of underground parking. 5468795 Architecture from Winnipeg. selling 44% within the first month of Two-storey industrial building (vacant); launching (RealNet, 2019). Existing Conditions Approximately 15,000 square feet Cash-in-lieu - to be determined at the time of Parkland Dedication issuance of building permit CONCEPTUAL RENDERING Taxes (2018) $47,406.65 ABOUT THE APPROVALS (as per OPA and ZBLA) Total GFA (as per 4,360 square metres (46,931 square feet) By-Law 569-2013) Total Units 37 stacked townhouse units (within 3 blocks) 54 parking spaces GERRARD STREET E COALPORT DRIVE Parking Spaces 46 spaces for residents 8 spaces for visitors The SPA has been canceled due to inactivity by the vendor. A new SPA will need to be submitted by Site Plan the purchaser, beginning with a pre-consultation application meeting. 1 Site Plan to be submitted ALL OUTLINES ARE APPROXIMATE About the Development Location Overview Lakeshore East GO TTC Bloor-Danforth Line Bus Routes 113 Danforth STATUS 1. Malvern Collegiate Institute CONCEPTUAL RENDERING 2. Adam Beck Jr. Public School Danforth Station Subway Station 12 Kingston Road 135 Gerrard 3. Kimberley Jr. Public School In 2015, the vendor submitted an application to permit 39 stacked townhouse 4. Danforth GO Station units. Following a series of resubmissions by the vendor based on city staff’s 5. Canadian Tire 6. Toronto Public Library - comments, the application proposed 37 stacked townhouse units with one level Main Street Branch Victoria Park Station of underground parking. The application was subsequently appealed to the OMB, 7. Loblaws however, the appeal was withdrawn shortly thereafter by the appellant. The ZBLA 8. LA Fitness and OPA was approved in 2017 and the application file is now closed. 9. Lowe’s 10. Victoria Health Centre A Site Plan Control Application was submitted at the same time as the ZBLA and 11. LCBO 12. Main Square Community Centre B OPA in 2015, however, it has yet to be formally approved. Based on conversations 11 with city staff the SPA has been cancelled due to inactivity by the vendor. A new A SPA will need to be submitted by the purchaser, beginning with a pre-consultation ennedy TTC / GO To K 10 application meeting. 9 8 Below is the proposed block breakdown and Draft Site Plan that was last submitted 5 7 Site to the City in 2016. Main Street Station 12 4 PROPOSED BLOCK BREAKDOWN (AS PER THE DRAFT SITE PLAN - 2016) Danforth GO Station arden TTC To W Total Floor Area No. of Units Approximate Height Total 13 units 4 storeys + ennedy TTC / GO 16,673 square feet 9 - two bedroom K BLOCK A rooftop terraces 4 - three bedroom To 6 2 Total 16 units 4 storeys + 1 19,891 square feet 13 - two bedroom 3 BLOCK B rooftop terraces 3 - three bedroom BLOCK C 11,151 square feet 8 - three bedroom 3 storeys TOTAL - 37 Units - Nearby Stacked Townhouse Developments © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L18 MapId: 6512998 4. Danforth GO Station UNDERGROUND PARKING ACCESS Size Price/ Project/ Builder Opening Occupancy Price Units Sold (Square Feet) Square Feet Clonmore Urban Towns by 2019-06-01 2021-07-15 536-1,730 $399,900-$1,109,900 $642-$746 118 41% DRAFT SITE PLAN - 2016 A Core Development Group Clonmore Urban Towns by B 2018-10-10 2020-11-20 839-1,594 $629,900-$999,990 $627-$751 52 88% Core Development Group BLOCK A BLOCK B BLOCK C 6. Toronto Public Library - Main Street Branch 7. Loblaws GERRARD STREET E COALPORT DRIVE 12. Main Square Community Centre Offering Process Confidentiality Agreement Potential purchasers that require access to the Document Centre must complete a CA and return it to: [email protected] Document Centre Offer Submissions » Approved ZBLA and OPA » Site Servicing and Grading All submissions are requested to be submitted to: » Traffic Operations Drawing Assessment » Elevation Drawings Derek Peacock |[email protected] » Phase 1 ESA » Renderings » Draft Site Plan » Functional Servicing and CBRE Limited » Geotechnical Report Stormwater Management 2005 Sheppard Avenue East, Suite 800 » Final Staff Report Report Toronto, ON M2J 5B4 » Survey » Planning Justification Report COALPORT DRIVE CLONMORE DRIVE GERRARD STREET E ALL OUTLINES ARE APPROXIMATE Derek Peacock* Evan Stewart Lauren White* Mike Czestochowski** Associate Vice President Sales Representative Senior Vice President Executive Vice President T +1 416 495 6237 T +1 416 495 6205 T +1 416 495 6223 T +1 416 495 6257 [email protected] [email protected] [email protected] [email protected] *Sales Representative, **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness CBRE Limited of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the 2005 Sheppard Ave E Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice Suite 800 or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Toronto, ON · M2J 5B4 www.cbre.ca/mclsg Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth (08/19)..
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