King's Mill - 15 Neighbourhood Lane

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 15 Neighbourhood Lane, Toronto, Ontario (“King’s Mill”, the “Property” or “Site”), a partially constructed, mid-rise residential project located near the intersection of Park Lawn Road and The Queensway in South Etobicoke. 

Upon completion, this third and final phase of the Backyard Neighbourhood Condos development will total 186,446 square feet (“sf”) of residential gross floor area (“GFA”), spanning 10 storeys and featuring a mix of 234 residential units varying in size and layout. The Site has undergone significant work to date, including substantial completion of the building structure, which topped out at 10 storeys and has underground parking in place. A purchaser will have the opportunity to complete the development within an accelerated timeline, wherein project risks are significantly mitigated.

The Property is conveniently located in the Stonegate-Queensway neighbourhood along the Humber River, proximate to an abundance of community and recreational amenities, including over 400 acres of urban green space, as well as several nearby schools, restaurants and retail shops along Bloor Street West. In addition, future residents will benefit from seamless access to the Gardiner Expressway, Highway 427 and Toronto Pearson International Airport, as well as high-order transit, including the Toronto Transit Commission (“TTC”) Royal York and Old Mill Subway Stations, and Mimico GO Station. 

The Property represents one of the final development sites in this affluent and established residential neighbourhood, presenting an opportunity for a purchaser to step into a project with reduced timeframes and overall risk. King’s Mill is a residential condominium project in which approximately 91% have sold to date, where sales contracts can be maintained or cancelled at the incoming developer’s discretion.