The Opportunity
DEVELOPMENT POTENTIAL
A full professional package of reports and studies were completed to rezone this site to TD1. This creates the opportunity to build a 6-storey building on the site. There is planning policy to intensify the entire neighborhood around the Cyrville LRT station, which is a very short 5 minute walk from the site.
Labrie Avenue is a street in transition with mixed-use retail, residential and commercial buildings lining the street. It’s an active area which is going to continue to expand and mature as projects continue to develop around the transit station.
Two architectural concept packages are available for this site.
- Concept 1 was submitted with the rezoning.
- Concept 2 is a revised concept with smaller units to create more affordable housing options
A Land Value Analysis is provided further below.
Architectural Concept 1
Summary
Concept 1 was completed by Sam Morgan Architect of Toronto for the rezoning submission featuring a 46-unit 6-storey residential building with underground parking, bicycle storage and lockers. This concept features one bed, one bed plus den and 2 bed units.
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- Storeys – 6
- GFA – 42,894 sf
- Lot Coverage – 42%
- Units – 45
- Studio – 0
- 1 Bed – 11
- 1 Bed + Den – 11
- 2 Bed – 23
- Underground Parking – 31 spaces
- Bicycle Parking – 31
- Storage – 28
Reports and Studies Library
Click links to open reports and studies.
Architectural Concept 2
Summary
Concept 2 was completed by +VG Architects to re-imagine an affordable unit mix. The Concept features a 67 unit 6-storey residential building with no underground parking. This concept features studios, one bed, one bed plus den and 2 bed units.
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- Storeys – 6
- GFA – 32,025 sf (not including roof amenity area)
- Lot Coverage – 48.5%
- Units – 67
- Studio – 25
- 1 Bed – 20
- 1 Bed + Den – 5
- 2 Bed – 17
- Underground Parking – none
- Bicycle Parking – 32
- Visitor Parking – 6
Reports and Studies Library
Click links to open reports and studies.
Value Analysis
Value Analysis
Three different analysis are provided to determine project value:
-Per Door Value Analysis
-Cost to Construct
-Constructed Project Value
These analysis are for information only – buyers should review all information independently.
Assumptions: As the two architectural concepts have different unit counts and GFA, median numbers have been used for estimating cost to construct and land value scenarios.
