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Queensway & Royal York
- Mid-rise development site located at Queensway & Royal York Road in Etobicoke, in the west end of
- The proposed development consisted of an 8 storey mixed-use condominium building containing 198 residential units and 182,100 square feet of proposed gross floor area (GFA) plus a two-level underground garage to include 210 parking The balance of the project is proposed for 7,000 square feet of ground floor retail space.
- The development partner is an experienced mid-rise developer with a strong following due to its reputation for innovative
- The project rezoning is draft approved and public sale started in Q4 2020.
- Commencement of construction is anticipated in the fall of 2021 with occupancy to commence in the fall of 2023.
- Projected IRR:20.92%.
- Projected Equity Multiple:2.24x.
- Estimated repayment date: December 2023