1088 Progress Avenue, Toronto, ON

The Property is strategically located along the Sheppard Avenue corridor in Scarborough, benefiting from a highly accessible location within one of Toronto's largest employment, education, and commercial nodes. The Property benefits from existing approvals for a mixed-use development comprising two residential towers containing 309 residential units and approximately 280,324 square feet of GFA, while historical planning work has also contemplated townhouse and mid-rise built forms, illustrating the flexibility of the Site and its potential to accommodate a range of residential and ancillary development formats, subject to municipal review and approval. The surrounding area continues to experience significant residential investment and intensification, with a pipeline of proposed developments representing more than 11,000 residential units and 10.5 million square feet of GFA.