Re-development Opportunity at 35 Station Rd, King City

I would like to present you with an exciting redevelopment opportunity located at 35 Station Rd in King City. This property is directly adjacent to the existing parking for Metrolinx, offering excellent potential for transit oriented development. The property is zoned F, and the Official Plan allows for a wide range of uses,

I am present you with an exciting redevelopment opportunity located at 35 Station Rd in King City. This property is directly adjacent to the existing parking area of Metrolink, offering excellent potential for transit-oriented development. The property is zoned F, and the Official Plan allows for a wide range of potential uses, making it a highly desirable investment. The Transit Station Area designation, as outlined in the Official Plan (see attachment), aims to facilitate intensification that maximizes the benefits of the nearby King City GO Station.

The proposed Official Plan permitted uses on the property include mixed use buildings, medium and higher density residential uses, live work dwellings, property's location adjacent to the Metrolinx parking area, coupled with the flexibility provided by the Official Plan, offers immense potential for a successful and

The proposed in Official Plan permitted uses on the property include mixed-use buildings, medium and higher density residential uses, live-work dwellings, commercial uses (within mixed-use developments), offices, institutional uses, parking structures, public uses, rail infrastructure and transit facilities, and other uses that are accessory to the permitted uses. The minimum height for new buildings should be two functional storeys, with a maximum height of four storeys. Heights up to six storeys may be considered if certain conditions are met. Proposed floor space index is at 2.5.

This proposal presents an exceptional opportunity to capitalize on the Transit Station Area designation and develop a vibrant and transit-oriented community. The property's location adjacent to the Metrolink parking area, coupled with the flexibility provided by the Official Plan, offers immense potential for a successful and sustainable development project.

The asking price for the property is $3,500,000, reflecting its strategic location and future redevelopment possibilities. We believe that this investment has the potential to yield significant returns while contributing to the growth and development of King City.

Should you be interested in further exploring this opportunity, I would be delighted to arrange a meeting to discuss the details and provide any additional information you may require. Please feel free to contact me at 905-278-0007 or 2780007@gmail.com

Thank you for considering this proposal. I look forward to the possibility of working together to unlock the full potential of this prime property.

Sincerely,

Matthew Czaplinski M.Arch. Sales Representative

Sutton Group Quantum Realty Inc. Brokerage

Ofice 905-822-5000 Direct 905-278-0007

Address: 35 Station Road, King City L7B 1E2

Legal Description: LT 72, LT 73, LT 74, LT 75, LT 76 Plan 28 King

Current Owners: Maria & Slawomir Misiak

Lot Area: 28,018.43 SF (0.6432 Acre)

Approximate Dimensions: 109.05ft x 257.93ft x 108.55ft x 257.31ft

King City is located in the path of development of Greater Metro Toronto, and it is expected that this area will be subject to major redevelopment in the near future. Both the provincial and federal governments are interested in investing major funds here. Also, major private corporations are expressing interest.

Subject lot is zoned "F" and is within Transit Station Area Designation (see policy information at the end of this report).

· Mixed uses permitted and many more

· Height from 2 up to 6 storeys with some conditions

· Floor space index up to 2.5

We agreed with the sellers of lot #1 to offer the subject property for $3,500,000 with total MLS fees of 5% (for both sides involved) + HST on commission.

Sellers of lot #1 have agreed to offer the subject property for sale for $3,500,000 with total MLS

Prepare to witness a remarkable transformation as the core of the Old Town awaits a magnificent makeover and revitalization. Thanks to the expansion of the GO transit system, an increasing number of individuals, particularly the younger generation, are contemplating a move from Toronto to this area, enticed by the promise of an enhanced lifestyle and more affordable housing options.

Keele Street, a prominent thoroughfare, is primed for remarkable redevelopment. Visionary developers have wasted no time in acquiring available land for future projects, eagerly investing in the area's promising potential. Take a look at the plan showcasing the lots that have already been purchased and those currently available for sale. The interest among developers is fervent, with several projects already advertised for sale, and numerous applications submitted to enable the construction of multiple units.

The existing GO lines are set to undergo upgrades, ensuring seamless commuting experiences that will make daily travel a breeze. With the approved King City Official Plan of 2019, careful consideration was given to the city core's needs, including higher density requirements and a mix of uses such as retail and office spaces. Immerse yourself in the magical ambiance of the Old Town, where its captivating character has the potential to transform into a bustling commercial, residential, and retail hub for the entire GTA. Weekends can be spent leisurely strolling the charming streets, indulging in the unique atmosphere that this historic district exudes.

As aligned with the official plan, developers aim to seek approval for low-rise buildings up to six floors, a careful endeavor to maintain the desired character of the Old Town. The stage is set for an exciting chapter in Old King City's story, where tradition and modernity harmonize, creating a captivating tapestry that will undoubtedly captivate residents and visitors alike.

Come and be part of the journey as Old King City paves the way for a vibrant future while honoring its rich heritage.