1370 Neilson Road (the “Property”) represents an increasingly rare opportunity to acquire a 100% freehold interest in a 1.21 acre land parcel on the corner of Neilson Road & McLevin Avenue in the growing neighbourhood of Malvern, Scarborough North. The Property comprises a total land area of approximately 52,708 square feet, and is zoned for residential apartment (RA) uses, with recently approved zoning for a variety of commercial uses. The Property’s zoned status addresses the uncertainty and delays commonly associated with rezoning sites in the Greater Toronto Area (“GTA”), especially due to the recent overhaul of the Ontario Municipal Board (“OMB”), and the increased demand for mixed-use residential and commercial development sites. The Property offers a future owner the ability to take advantage of the current and future market demand for new mixed-use product in the rapidly gentrifying Scarborough market, an area offering excellent area amenities and future local public transit expansion plans.
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