This 1.1-acre infill site is strategically located within a high-intensification zoning corridor, making it ideally suited for a mid-rise, purpose-built rental development. The acquisition represents a forward-looking investment in an area experiencing strong demand for rental housing and urban densification.
- Site Acquisition:
- Purchased in June 2022 with a clear strategy to unlock long-term rental housing potential.
- Planned Development:
- A 4-story purpose-built rental building comprising 47 residential units.
- Gross Floor Area (GFA): Approximately 36,000 sq. ft. of modern residential space.
- Unit mix is being designed to balance studios, one-bedrooms, and family-oriented two-bedroom layouts, catering to diverse renter needs.
- Planning & Design:
- Planning approvals currently in progress, including architectural design, zoning alignment, and municipal engagement.
- Building envisioned to feature contemporary urban design, efficient layouts, and community-oriented amenities.