23 Buckingham Street_Property for Sale
23 Buckingham Street_Property for Sale
23 Buckingham Street, Toronto, ON, M8Y 2W2, CA

23 Buckingham Street

Asset Description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 23 Buckingham Street, Toronto, Ontario (the “Property” or “Site”), a 2.11-acre, transit-oriented, high-rise development site at Mimico GO Station in Etobicoke. The Property has undergone preliminary excavation, providing an incoming purchaser the flexibility to resume construction in the near-term with existing plans, or conceptualize a new development design. 


Existing approved development plans for the Site permit a scalable, mixed-use project, known as The Buckingham, which features three towers distributed across a four-storey commercial podium. The contemplated development comprises approximately 586,000 square feet (“sf”) of gross floor area (“GFA”), including 515,548 sf of residential across 749 residential units, along with 20,085 sf of retail space and a 50,052-sf office component. 


The Site is ideally situated in a rapidly growing area of South Etobicoke, which is currently undergoing a significant transformation and will form one of Toronto’s newest transit-oriented communities. With planned local intensification in the coming years surrounding Mimico GO Station, the area is set to become a pedestrian-friendly, mixed-use community with a wide array of amenities, including several retail options and parks. The Property represents an excellent opportunity for developer to acquire a high-density development of scale directly across from Mimico GO Station. 


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Investment Highlights

  • Scalable Mixed-use Development Opportunity
  • Transit-oriented Development Site
  • Excellent Site Accessibility and Exposure
  • Approved Development Concept
  • Flexibility to Begin Construction in Near-term or Reconfigure Project
  • Ability to Maintain or Cancel Existing Sales Contracts


Attributes

Land area gross
0.85 ha
Building area net
54,412 m²
Number of units
749 units
Number of floors
37 floors
Zoning
ZBA/OPA Approved

Contact brokers

23 Buckingham Street (0 Properties)

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Last updated
3 Apr 2024