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586 Eglinton Avenue E, Toronto, ON

Name: 586 Eglinton Avenue E, For Sale in Toronto - eXp Realty
Brand: CBRE LIMITED
SKU: C12868098
Price: 1 CAD

Real Estate

For Sale

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MLS® C12868098

Key Facts
Description
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Key Facts

Type Commercial Land

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $232,835

Days Active 0

Approx. Age

MLS® Number C12868098

Property Address: 586 Eglinton Avenue E, Toronto, ON, M4P1P2

Average square foot calculated using Size range provided by listing agent.

Description

586 Eglinton Avenue East is located in a prime location at Bayview Avenue and Eglinton Avenue East, the Offering represents an exceptional development opportunity to construct a residential tower in one of Toronto's most affluent neighbourhoods. 586 Eglinton Avenue East is located on the north side of Eglinton Avenue East immediately west of Bayview Avenue providing exceptional frontage along a main arterial throughfare. The Site benefits from a high-profile location at the nexus of Toronto's top residential neighbourhoods of Leaside, Lawrence Park and North Toronto. Steps from the Property is the Leaside LRT station (3-minute walk) providing for an efficient commute across Eglinton Avenue. Similarly, multiple surface transit routes are available further enhancing pedestrian and transit connectivity. Additionally, access to the TTC subway system via Yonge-Eglinton station is a short distance west of the Property (less than 2km west) providing access to Downtown in less than 20 minutes. The surrounding neighbourhood offers unmatched amenities, employment opportunities, public spaces, parks and restaurants and retail, collectively producing the ultimate live-work-play node. Encompassing 301, 066 sq. Ft. Of Gross Floor Area ("GFA"), 586 Eglinton Avenue East carries approvals for a 46-storey residential tower featuring complimentary retail at grade. Upon completion, 586 Eglinton Avenue East will stand prominently at the Bayview and Eglinton intersection featuring a collection of 446 units in one of Toronto's most robust residential markets. Monthly rental rates have achieved nearly ~$4.50 sq. Ft. For selected nearby projects. Additionally, recent condo sales have witnessed an impressive +$1, 500 per sq. Ft. The Project serves as an opportune time for developers/investors to either develop rental or condo in one of Toronto's top residential neighbourhoodsShow Description

MLS® NumberC12868098

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Ensuite LaundryNo

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GarageNo

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For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.