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Residential Mid-Rise Toronto, Ontario Sold

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Residential Mid-Rise Toronto, Ontario Sold VIEW SOUTH EAST RESIDENTIAL MID-RISE TORONTO, ONTARIO SOLD Kingston Road Lawrence Avenue East Galloway Road Toronto VIEW NORTH EAST THE OFFERING 8 min Pan Am NEARBY AMENITIES Drive to Rouge Valley Galloway Road St. Margaret’s Sports U of T 7 Highway National Urban Park Public School Public School Centre Scarborough 401 1 CBRE Limited is pleased to offer for sale a 100% freehold interest in property located at 197, 199, and 201 Galloway Road and 4097 Lawrence Avenue East, Toronto, Ontario. Located west of the intersection of Lawrence Avenue East and Kingston Road in Scarborough’s West Hill neighbourhood, this infill development opportunity is adjacent to two 10 min existing 11-storey apartment buildings to the north, townhomes to the Drive to 4 south, a retail plaza to the east, and single detached homes to the west. Rouge Hill GO 3 Kingston Road provides direct access Highway 401 and the property Station is also located less than 2 km away from the Guildwood Train Station, Highway 401 which provides service to Union Station. VIA Rail also operates out of the same station, providing access to Kingston, Ottawa, and Montreal. The Toronto Transit Commission runs multiple routes immediately next to the Property, with more running from the Kingston Road and Lawrence Avenue intersection, including with direct Express access to the University of Toronto’s Scarborough Campus. There are plans to extend multiple routes near the site, including the Eglinton East Crosstown Extension. There is a proposed residential development on the Property consisting of an 11 storey mid-rise building with a proposed total Morningside Road 5 Gross Floor area of 173,334 square feet. The proposal also includes an outdoor rooftop amenity. Parking is proposed to be provided 6 in a two-level underground parking garage with 199 spaces. This property’s land use permissions, location with frontage on Lawrence 6 2 Avenue East, and access to existing and future LRT and TTC routes makes it 5 an attractive offering to many developers and investors who are in search 3 1 of well-positioned property, predictable scale and competitive returns. 4 Size ± 1.01 ac. 2 Net Usable ± 1.01 ac. 7 South of Lawrence Ave. E. Location East of Galloway Rd. Frontage ± 250 ft. along Lawrence Ave. E. Lawrence Avenue East BUS ROUTE Lawrence Avenue East Depth ± 183 ft. along Galloway Rd. BUS ROUTE Official Plan Mixed Use Areas Galloway Road Galloway Road Commercial Residential with Site Zoning Specific exemption that only allows for Residential Uses Kingston Road ALL OUTLINES ARE APPROXIMATE 4097 Lawrence Avenue East ADDRESS 197, 199 & 201 Galloway Road CONCEPT RENDERING TYPE Apartment Residential NUMBER OF UNITS 201 Units NUMBER OF STOREYS 11 Storeys GROSS FLOOR AREA ± 173,334 sq. ft. PROPOSED FSI 3.95 199 Spaces PARKING 2 Levels Underground 6 VIEW SOUTH SITE MAP OFFERING PROCESS DATA ROOM ASKING PRICE • Servicing Report $8,250,000 Jason Child | [email protected] • Grading Plan COOPERATING FEE 1% • Sediment & Erosion CBRE Limited Control Plan 2005 Sheppard Avenue E, Suite 800 • Traffic Impact Study Toronto, Ontario · M2J 5B4 • Proposed Concept Rendering • Environmental Report For more information please email: [email protected] SITE Map data ©2019 Google 2000 ft Kingston Road Galloway Road Lawrence Avenue East CBRE Limited Jason Child* Ian Hunt* Daniel Satoor 2005 Sheppard Ave E Senior Vice President Senior Vice President Sales Representative Suite #800 416 495 6249 416 495 6268 416 495 6203 Toronto, ON, M2J 5B4 [email protected] [email protected] [email protected] WE ARE *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 ALL ABOUT been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness 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 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 or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited LAND 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 Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 10/18. www.cbre.ca/child-hunt.
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