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Low-rise Development Site In Brooklin, On

Not on MLS®

$11,000,000

For Sale: , in

Updated Aug 31, 2022
Low-Rise Development Site In Brooklin, ON

Listing Details

Co-op commission: 1% + HST

Subtype: Residential, Commercial

Zoning: Mixed-Use Residential/Commercial

Sale type: For investors

Lot Size: 2.8 Acres

Current improvements:

All necessary improvements for development; zoning change, city consultations/approvals, etc.

Permitted uses:

  • Mixed Use
  • Storefront Retail/Residential
  • Multifamily
  • Commercial
  • Apartment Units

Description

The subject lands are comprised of three properties. The consolidated lots are cumulatively irregular in shape and make up approximately 2.8 acres. The subject site is predominantly vacant with the exception of one lot, which is currently occupied by a single detached dwelling. This site was previously site plan approved and shovel ready for 120k sqft of GFA; 96 residential units and 2 commercial units. The vendor chose to return to the city and request more density. They had an excellent response and they are approximately 1 year to 18 months out from approval of the new proposed site plan. Details below; The new plan will instead allow for approximately 211 units (to be confirmed) plus approximately 5,000 sqft of divisible commercial space; a total of 180k GFA. This will be a 3 storey low rise development with underground and surface level parking.

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Location & nearby

This listing is located in Whitby, ON

Brooklin, Whitby, ON, Canada

Poster Info.

Anthony Spano

REALTOR®

Anthony Spano

REALTOR®

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