• Sold
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development
4.09 Acres Approved Low-Rise Development

Zoning Approval for 223 Units, Potential to Increase to 288 Units

165 Tapscott Road, Toronto, Ontario (the “Property”) is a zoned and NOAC (Notice of Approval Conditions) approved 4.09 acres greenfield development opportunity in Toronto. It is currently City approved for a development of 223 units (235,662 SF of GFA) and is an ideal location and built-form for the burgeoning residential demand in the area. The Property has the potential to be developed into 288 units of stacked townhouse (271,921 SF of GFA) with applicable planning approvals. The development creates a welcoming neighbourhood with an ideal location in the City.

The NOAC approval allows for an immediate launch of sales, arguably saves many years of work and with the alternative potential scheme to intensify and increase in unit count, tremendous amounts of capital investment returns are anticipated.

The land is located at the southeast corner of Tapscott Road and McLevin Avenue. It has been granted Apartment Residential (A) Exception 29 under Malvern Zoning By-law, allowing for multi-family dwellings. The development provides meaningful scale that is situated in an area that with mere minutes offers access to incredible schools, amenities, grocery and general shopping, community spaces and transit options, the Property presents an exciting residential development opportunity to maximize all that the area has to offer.

Property Details

  • 12/01/2019
  • 165 Tapscott Road