78 GLADSTONE AVENUE – TORONTO – WEST QUEEN WEST

DEVELOPMENT SITE IN THE HEART OF LITTLE PORTUGAL – STEPS FROM THE GLADSTONE HOTEL.

Perched on the South West corner of Gladstone Avenue and Alma Avenue, 78 Gladstone Avenue sits on a 21.5 by  119.58 foot lot.  One block North of the Gladstone Hotel, Queen Street West, and nestled in the heart of Little Portugal.  THis area has been gentrifying for years, and makes up a large part of the most rapidly redeveloping real estate pockets in Toronto.

Our client received Committee of Adjustments approval to build a 5 Unit Main house and a bonus Garden/Laneway suite.  They have applied for building permits.  Development charges to be determined.

This property is for sale vacant, with approvals.  Sellers are applying for permits, and should have them ready by the time a bonafide sale is ready to close.

By The Numbers:

Main Building:  Nearly 4200 Square Feet on 4 levels.

Garden Suite: Over 1300 Square Feet

Renderings are concept only. Floor plans drawn from Architect drawings, which are available by email. 

What was approved?  2 one bedrooms, 3 two bedrooms in Main Building. 1-2 Bedroom garden suite.

Financials and Cap Rate projections available upon request.

Property will be listed on Commercial and residential MLS

Contact LA for additional details, or check back here periodically as we add additional property details and approved plans in the days to come.