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Est. payment | /mo
4 SqFt
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Est. payment | /mo
4 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 4 sqft
Municipality Toronto E09
Subdivision Bendale
MLS Listing ID E12816566
Annual Tax Amount $295,111
Tax Year 2025
Property Sub-Type Land
Property Description
1680 Brimley Road, Scarborough is a fully approved, multi-tower development site at the southwest corner ofBrimley Road and Progress Avenue, immediately west of Scarborough Town Centre. Ontario Land Tribunalapprovals permit up to 1,509,100 SF of residential GFA across four residential towers up to 47 storeys,with approximately 1,591 units, retail, childcare, and a POPS-positioning the asset as a turn-keyopportunity of scale.The Site benefits from Phase 1 Site Plan Approval and Phase 2 is currently under review. Located within theScarborough Centre Secondary Plan area and proximate to the Scarborough Subway Extension, the Site pairsinstitutional-grade entitlement with transit-oriented growth. Offered by TDB Restructuring Limited, Court -Appointed Receiver, on an as-is, where-is basis, 1680 Brimley Road provides execution flexibility across cycles,with rental-led phasing and alternate use pathways enhancing downside protection while preserving long-term value.A rare chance to secure approved density in one of Toronto's fastest-evolving urban nodes. Site Pland Phase 1(Approved): Includes Towers 1 & 2 (38 and 40 storeys), 904 rental units and a shared podium, which are locatedalong the west side of the property. Site Plan Phase 2 (Future): Includes Towers 3 & 4 (up to 47 storeys), the retailspace, a daycare facility, and a central public plaza (POPS). An update to the Public Art Plan must be submittedbefore the first above-grade building permit for Phase Two can be issued. Please be advised that bids are due Thursday, March 26th by 5PM EST.
Location
Province ON
County Toronto
Community Toronto E09
Area Toronto
Zoning CCC, CCR
Exterior
Utilities Available Available
Lot Frontage 416.67
Lot Depth 406.95
Others
ParcelsYN No
Listed by CBRE LIMITED
Nearby Locations
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