Colliers International is pleased to announce the opportunity to purchase 3406 – 3434 Weston Road (the “Property”), a prime transit-oriented development property with holding income at the corner of Weston Road and Finch Avenue West. The 1.78 acre redevelopment Property is currently improved with a retail plaza that benefits from significant holding income during any potential rezoning period. Surrounding development sites have upwards of 7x FSI, resulting in a significant scale for either condo or rental apartments. The Property’s unique location within the Weston and Finch area allows for a mixed-use development on the future Finch light rail transit station, currently under construction, set to be completed in 2023. The immediate neighbourhood surrounding this subject property has 2,500 residential units under development, while recent apartment projects are leasing at an impressive $3.01 per square foot (“PSF”). Steps from Finch West LRT line, as an outstanding opportunity for any developer seeking a transit-oriented residential development land parcel of scale.
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