The Location is ideal for the Proposed Development of a 200-unit, Eleven-story Rental Apartment Building, currently in the planning phase. This optimal utilization of the land is highly supported by Toronto's municipal policies that focus on increasing Rental Housing availability to address the current housing crisis in midtown Toronto.The land zoning originally included Rental Building and it is surrounded by Four high Demand Rental Complexes. Hence the previously approved townhouse project is no longer the Highest and Best Use of the land. The Land has been Appraised at $25,100,000 in 2023, mirroring its value with respect to the Proposed Development. According to the Appraisal Report, the completed building will generate over $5,500,000 Rental Income per year.

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Parking space for lease-Many different options available. Prime Scarborough location at Warden and Eglinton. The area is fenced off at the perimeter. 50x50 lot for $1500 mthly gross lease, 50x100 lot for $3000 and 45 x 100 ft lot for $3000. Great for vehicle storage, inpound storage etc. No container storage, no hazardous items or hazardous waste, no "raw" industrial or waste item storage, no flammable items, no tire storage. Tenant is responsible for their own storage. Electrical can be available for certain lots at an extra charge.

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