A rare assembly of prime development land in the heart of Toronto's downtown has just hit the market — and it’s checking all our boxes.
From its superb location at Bay and Dundas to its immense development potential, this 0.34-acre lot presents an exciting opportunity to transform the core in a meaningful way.
Located at 100-122 Dundas Street West, on the northwest corner of Dundas and Bay Street, the site's location gives it a competitive edge over other (less-ideally situated) sites throughout the City; it offers ready access to countless urban amenities, and possesses the perfect conditions for high absorption once fully developed.
And the opportunity for development is truly rich. According to a formal report from Toronto-based urban planning firm Bousfields Inc., the site could one day support a 59-storey mixed-use building, providing 756 new dwelling units, a total Gross Floor Area of 488,402 sq. ft, and an FSI of 32.6x the lot area — meeting a growing demand for high-density, mixed-use projects.
The planned development envisions a built form with a six-storey podium and a 53-storey tower above, with varied setbacks that respond to local planning policies, and provides adequate setbacks from the planned bus terminal redevelopment to the north.
100-122 Dundas Street West/Colliers
What's more, the Colliers-listed site is currently occupied by an assembly of two- to five-storey retail and office buildings that will provide holding income, ensuring the property generates value, even during the planning phases of any future redevelopment.
Specs
- Address: 100-122 Dundas Street West, Toronto
- Size: 14,940 sq. ft
- Use: Opportunity for a 59-storey mixed-use development, featuring 756 residential units and a total Gross Floor Area of 488,402 sq. ft
- Listed by: Steve Keyzer, Alex Holiff, Colliers Canada
But of course, truly solidifying this listing's investment value is its unrivaled location.
The site is in the company of not only a plethora of urban amenities, dining, and retail options, but also some of Toronto's greatest landmarks, including the Eaton Centre, City Hall, the Art Gallery of Ontario, Hospital Row, and Toronto Metropolitan University.
100-122 Dundas Street West/Colliers
On the transit front, the site couldn't be better serviced, with Yonge-Dundas TTC Subway Station just a 4-minute walk to the east, and St. Patrick subway station only 5 minutes to the west. Additionally, the nearby Dundas streetcar stop provides easy access to the Yonge-University and Bloor-Danforth subway lines, offering a superb starting point for seamless travel throughout the City — and beyond.
This site's intrinsic attributes and coveted location make it a rare and unique opportunity for developers to create a landmark project in one of Toronto’s most vibrant, functional, and densely populated areas.
In today's market, sub-optimally located developments are increasingly failing to reach completion due to low absorption and a lack of desirable surrounding amenities. In turn, sites like 100-122 Dundas Street West, with their central location and promising development outlook, represent a wise and exciting opportunity for investors and developers.
"As Toronto's pre-construction market revives, developers will compete intensely for prime locations, with top-tier sites achieving the highest absorption rates,” explains Steve Keyzer, Executive Vice President, Sales Representative, Colliers. “For purpose-built rentals, proximity to transit or educational hubs offers the best opportunity to support high rental rates and steady demand, essential for a viable project in today’s market."
Indeed, as the market turns its gaze back towards centrally located, A-site development opportunities, 100-122 Dundas Street West is perfectly positioned to meet that demand head-on.
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This article was produced in partnership with STOREYS Custom Studio.
