WD
FINANCIAL DISTRICT
TORONTO PORTLANDS
ONTARIO SCIENCE CENTRE
EXECUTIVE SUMMARY
THE ISMAILI CENTRE
WOODBINE BEACH
FLEMINGDON PARK
REAL CANADIAN SUPERSTORE
CBRE’s Land Services Group is pleased to offer for sale 175 Wynford Drive (known as the “Site” or “Property”) in the City of Toronto. Ideally situated within the growing and highly sought-after midtown market, the Site is presently occupied by the Toronto Don Valley Hotel, a 224,890 sq. ft., 354-suite hotel and convention centre, generating meaningful holding income. The location of the Site is truly unmatched along the Crosstown LRT line at Wynford Station and adjacent to the Don Valley Parkway and Eglinton Avenue East interchange, providing multi-transit optionality to the rest of the City. The Site received OLT approval for a Zoning By-Law Amendment (ZBLA) in May 2023 to allow for a large- scale, multi-tower development. The Property is approved for four towers connected by two podiums ranging in heights from 49 to 54 storeys. As per the approved ZBLA, the Site has a maximum total GFA of 1,841,559 sq. ft., of which a maximum 1,636,114 sq. ft. may be permitted for residential uses. There is no maximum residential unit count on the approved ZBLA, although it is proposed that the development will accommodate 2,497 residential units. In addition, a 125-suite hotel is also permitted on Site that is proposed to be located in Tower 1 and a 6,135 sq. ft. day care in the podium of Tower 3 and 4. There is proposed to be four levels of underground parking to accommodate all of the parking requirements for the hotel, residents, visitors and retail, including the onsite daycare. Please note that a formal Site Plan application has not been submitted by the vendor, allowing the purchaser to refine the plans based on their own preferences and designs. Over the past decade, the Don Mills and Eglinton neighbourhood has experienced a surge of interest from the high-density residential development community owing to the enhanced transit connectivity and vast array of amenities in the area that appeal to a wide demographic profile. Since 2021, there have been five new high-density condominium launches, which will cumulatively introduce 1,200 units to the area. Of these units, only 130 units remain in inventory. The Site is also well-suited for rental geared product, with only one newly constructed purpose-built rental located within proximity, which is achieving average monthly rental rates of $4.36 per sq. ft. Accordingly, this offering ideally lends itself to a range of high- density developers including condominium, purpose-built rental or a combination thereof. The Property contributes meaningfully to the development of transit-oriented communities in Toronto, as the Site is steps from the Eglinton Crosstown, providing connection to the nearby future Ontario Line and the TTC Line 1 subway at Yonge-Eglinton, which is only six stops away. The area boasts a variety of amenities and services including the CF Shops at Don Mills, the Sunnybrook Health Sciences Centre, both the Rosedale Golf Club and Donalda Golf Club, and the Aga Khan Museum. In addition, the surrounding area continues to grow, with the 60-acre Crosstown Community that is set to provide an abundance of commercial, retail and community amenities for future residents of the Site to enjoy. Steps to Wynford Station, the Property, once completed, will become a pedestrian-friendly, mixed-use community with an abundance of retail options for future residents, as well as a destination for visitors staying at the hotel. The offering provides a significant opportunity to leave a lasting and momentous mark on Midtown and the Toronto skyline.
FLEMINGDON PARK GOLF CLUB
SHOPS AT DON MILLS
AGA KHAN MUSEUM
UNDER CONSTRUCTION
ASPEN RIDGE HOMES
FUTURE ONTARIO LINE STATION
SCIENCE CENTRE STATION
AGA KHAN PARK & MUSEUM STATION
WD
WYNFORD STATION
6 // 175 WYNFORD DRIVE, TORONTO
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