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1201 Green St
Whitby, ON L1N 4H1

Whitby Condo site Zoned and SPA approved · Land For Sale · 0.80 AC

INVESTMENT HIGHLIGHTS

  • Near the water with lake views
  • Walk to retail amenities
  • 4 minute walk to the GO train station

PROPERTY FACTS

Property Type Land
Property Subtype Residential
Total Lot Size 0.80 AC

DESCRIPTION

Parking : 128 Near the water with lake views 4 minute walk to the GO train station Number of units : 92 (9 towns,83 condos) + 2,587SF commercials GFA 101,434 SF (Residential NSA 82,881SF) 101,434 SF GFA 82,881 SF residential NSA 2,587 SF commercial NSA Total net saleable area is 85,468 SF OLT approval order for the ZBA/SPA Walk to retail amenities The MTO has undertaken an extensive improvement project to: 1) replace the Brock St bridge to widen from 4 to 6 lanes 2) enhance connectivity to the GO station including new 3m sidewalks and cycling lanes and 3) reconfigure 401 interchange ramps for more efficient access, all of which will significantly benefit the Subject location. financial model showing healthy profit margin with land at $8m. This is because our parking is above grade, so the construction costs are $30-40psf lower. We can buy the land for $7.5m a ready to go project, now. Through OLT led mediation with the Town of Whitby, both the ZBA and SPA have been approved to allow for the development of a 6-storey midrise with an above-grade parking podium wrapped with towns .

  • Listing ID: 26728347

  • Date on Market: 9/28/2022

  • Last Updated:

  • Address: 1201 Green St, Whitby, ON L1N 4H1