The "Property" at Cosburn 3 biens | Toronto, ON

16, 20, and 26 Cosburn Avenue, Toronto, Ontario (the “Property”) represents a compelling opportunity to acquire an approved, high-density residential redevelopment assembly in Toronto’s established East York neighbourhood. The Property is comprised of three parcels totaling 0.53 acres. Zoning approval is in place for a 25-storey redevelopment with 211,284 SF of GFA inclusive of indoor amenity space. The Property also benefits from a submitted site-plan approval (“SPA”) application, which a buyer can seamlessly assume and finalize quickly.
The Property is improved with 2 vacant single-family homes (16 & 26 Cosburn) and a 90% occupied, 30-unit apartment building (20 Cosburn). The apartment generates solid in-place income and the vacant units represent an opportunity for upside upon lease-up during the pre-development period. The Property is situated steps from existing TTC bus routes connecting to both Broadview and Pape stations, and a short six minute walk away from the future Ontario Line Cosburn Station. The future Ontario Line connectivity is expected to significantly strengthen the neighbourhood’s long-term housing demand, with its proximity to the downtown core.
The combination of approved density, in-place SPA submission, existing multifamily income, and proximity to rapid transit infrastructure positions 16-26 Cosburn Avenue as an exceptional opportunity for developers and investors seeking a de-risked, transit-oriented development site in one of Toronto’s most sought-after east end communities.