7 & 11 Thora Avenue

$2.5 Million

Exclusive for Sale: Development Site with Holding Income

Boutique Development Opportunity Two Stand-Alone Commercial Buildings, 15,000 SF Site Area: Unique development site between the Danforth Village and Oakridge neighborhoods


For more information, contact:

Michael Salenieks
msalenieks@lennard.com
416.649.5902

Danforth Village and Oakridge neighbourhoods
7 & 11 Thora Avenue

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Land Information

Total Size 15,000 SF Zoning MG Zoning

Details

  • “Missing Middle” development opportunity, up to 36,500 GFA buildable
  • 600 metres from Victoria Park TTC Station, 1.5 kilometres from Danforth GO Station
  • Existing commercial buildings each roughly 3,800 SF with month-to-month tenancies
  • Birchcliff Quarry Lands just south of the rail corridor has major redevelopment planning underway between the City and Dundee Kilmer
  • Wrecker yard at 1& 2 Thora south of the subject site has planning underway for conversion to a self storage facility
  • No environmental reports, Seller to provide time required in due diligence
  • Licenses in place: spray paint, use car sales, oil change and auto body
  • $8,200 per month gross rental income
 
For a more detailed understanding of the development opportunity please see the planning, urban design and building design report contained herein, completed by Smart Density.