Mid-Rise Re-development Southwest corner
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Mid-Rise Re-development Southwest corner
2 Retail Properties Offered at $11,159,546 USD in Toronto, ON
Investment Highlights
- Transit Oriented to Agincourt GO and Highway
- Only 2.3 km to Scarborough Town Centre
- Development Opportunity for an 11-Storey Mixed-Use Mid-Rise
Executive Summary
Colliers International (“Colliers” or the “Advisor”) has been retained exclusively to arrange the sale of 4415-4421 Sheppard Avenue East (the “Property” or “Site”) located at the south-west corner of Sheppard Ave E and Brimley Rd in Agincourt – a rapidly growing node in the Scarborough submarket. The 0.85-acre site is underutilized and prime for redevelopment, as a zoned 11-storey mixed-use building is currently in the approval process. The proposed massing presents a unique opportunity to construct a high-quality building consistent with the surrounding built form of the area.
Redevelopment of the site demonstrates proper transit supportive intensification, in line with the City of Toronto’s Official Plan. Located at Sheppard and Brimley – two major arterial roads – the site benefits from immediate access to several TTC bus routes, the Agincourt GO station, planned Sheppard East Subway Extension, and TTC Line 2 extension, and highway 401 access. The property is surrounded by low-rise shopping centres and commercial plazas -- namely Scarborough Town Centre and Agincourt Mall -- as well as many notable mid-rise developments fueling demand in a node situated in a path of growth.
Redevelopment of the site demonstrates proper transit supportive intensification, in line with the City of Toronto’s Official Plan. Located at Sheppard and Brimley – two major arterial roads – the site benefits from immediate access to several TTC bus routes, the Agincourt GO station, planned Sheppard East Subway Extension, and TTC Line 2 extension, and highway 401 access. The property is surrounded by low-rise shopping centres and commercial plazas -- namely Scarborough Town Centre and Agincourt Mall -- as well as many notable mid-rise developments fueling demand in a node situated in a path of growth.
Property Facts
Price | $11,159,546 USD | Number of Properties | 2 |
Price / SF | $1,417 USD / SF | Individually For Sale | 0 |
Sale Conditions | Redevelopment Project | Total Building Size | 7,877 SF |
Sale Type | Investment | Total Land Area | 0.88 AC |
Status | Under Contract |
Price | $11,159,546 USD |
Price / SF | $1,417 USD / SF |
Sale Conditions | Redevelopment Project |
Sale Type | Investment |
Status | Under Contract |
Number of Properties | 2 |
Individually For Sale | 0 |
Total Building Size | 7,877 SF |
Total Land Area | 0.88 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
4415 Sheppard Ave, Toronto, ON M1S 1T8 | Retail | 6,589 SF | 1980 | - |
4421 Sheppard Ave E, Toronto, ON M1S 1V1 | Retail | 1,288 SF | 1927 | - |
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Mid-Rise Re-development Southwest corner
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