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Yonge St & Little Ave Land development opportunity located on an Intensification Corridor with proposed new zoning allowing for medium density development. Close proximity to other new developments currently under way and new 7 storey residential building in application approval process. **EXTRAS** Under the first draft of the new Zoning By-law, the subject site is designated NM1, which permits medium-density residential development.
Potential for development of 16 townhouses. (id:27476)
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Discover an exceptional land development opportunity located at the bustling intersection of Yonge St & Little Ave. This site is strategically positioned on an Intensification Corridor, making it a prime candidate for medium-density development. With the area already witnessing a surge of new developments, including a proposed 7-storey residential building currently in the application approval process, this property is poised for significant growth and transformation.
Under the first draft of the new Zoning By-law, this property is designated as NM1, which permits medium-density residential development. This opens up the potential for the development of up to 16 townhouses, offering a lucrative opportunity for developers looking to capitalize on the growing demand for residential spaces in the area. The proposed zoning changes reflect the city's vision for a more vibrant and densely populated community, making this an ideal time to invest.
Located in the Painswick North community, this vacant land spans a generous 60 x 200 feet, just under half an acre. The MLS® Number for this property is S9371978, and it is classified as vacant land, offering a blank canvas for visionary developers. The site currently has no existing structures, providing a clean slate for new construction without the need for demolition or extensive site preparation.
While the property itself does not feature any existing buildings, the potential for new construction is immense. With no storeys or square footage currently present, developers have the freedom to design and build according to the latest market trends and community needs. The absence of a fireplace and other existing features further simplifies the development process, allowing for a streamlined approach to creating modern, efficient living spaces.
This land development opportunity at Yonge St & Little Ave represents a rare chance to be part of a rapidly evolving community. With its strategic location, favorable zoning prospects, and proximity to other new developments, this property is an attractive investment for those looking to make a mark in the real estate market. Don't miss the chance to transform this vacant land into a thriving residential enclave.
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Updated May 16th 2025 11:46 am
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