This is a Portfolio Sale. The Property is located in the New Toronto neighbourhood, a South Etobicoke waterfront community which is experiencing a mixed use intensification. The Property benefits from frontages along three streets, with excellent visibility, multiple access points, and strong flexibility for future site planning. Transit connectivity is a key advantage to the Property, being located nearby the Mimico GO Transit Station and quick access to the TTC's Lake Shore Streetcar service (501 Queen). The proposed has been advanced through the development application process development and received OLT Approval in May 2025. The settlement was approved by Council on June 26, 2025. The OLT approval is subject to conditions, the approvals permit a 14-storey mid-rise development with a maximum gross floor area (GFA) of 223,000 square feet.