880 Eastern AVE, Toronto E01, ON M4L 1A3
880 Eastern AVE, Toronto E01, ON M4L 1A3
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Peter Velentis

Peter Velentis

+1(647) 287-1509
$ 16,950,000
Est. payment | /mo
Save
$ 16,950,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Land

Listing Status Active Under Contract

Purchase Type For Sale

Municipality Toronto E01

Subdivision South Riverdale

MLS Listing ID E12486357

Annual Tax Amount $127,817

Tax Year 2025

Property Sub-Type Land

Property Description

Receivership sale process. Full Address is: 880 Eastern Avenue & 80 Knox Avenue Located in Toronto's desirable Leslieville neighbourhood, the Property has a total site area of approximately 0.67 acres (29,170 sf), with superior access to urban amenities as well as being steps away from the Lake Ontario Waterfront and numerous outdoor recreation opportunities. The Property has been advanced through the development application process for a purpose-built rental building. A Zoning By-Law Amendment was obtained in the summer of 2023 to permit the development of a 12-storey, 200-unit residential rental development that includes 156,787 square feet of gross floor area with 1,808 sf of retail uses at grade and an overall floor space index of 5.36x. The approvals allow for a maximum gross floor area of 166,518 sf, and in February 2025 a revised development concept was created that proposes to increase the GA on the Site by approximately 12,021 square feet resulting in an additional 21 units and a more efficient design. This revised concept has a total GFA of 168,808 sf and 221 residential units. It is optional to purchase the two adjacent residential properties located at 874 and 876 Eastern Avenue. These two properties are not part of the approved redevelopment site, but can be incorporated into the future development or be used for construction staging/lay-down purposes.

Location

Province ON

County Toronto

Community Toronto E01

Area Toronto

Zoning CR 5.70 (C0.5; E5.70) (x860)

Exterior

Utilities Available Available

Lot Frontage 32.21

Lot Depth 230.65

Others

ParcelsYN No

Listed by CUSHMAN & WAKEFIELD

Nearby Locations

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880 Eastern AVE

Peter Velentis

"When you work with me, youère not just getting a realtor-youère gaining a trusted advisor whose expertise, innovative solutions, and steadfast commitment to your success make all the difference. Whether youère buying, selling, or investing, I am here to guide you every step of the way, ensuring that your real estate experience is both rewarding and stress-free."

+1(647) 287-1509

peter.velentis@lptrealty.com

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