The are applying to sever this site into two lots, the current building and the parking lot. I bet it gers sold off before long. See:
File Number: B0054/11TEY Zoning CR T4.0 C2.0 R4.0 (PPR)
Owner(s): HER MAJESTY THE QUEEN
IN RIGHT OF TORONTO
[
Ward: Toronto Centre-Rosedale
(27)
Agent: PETER REED
Property Address: 202 & 222 JARVIS ST Community:
Legal Description: PLAN 10A PT LOTS 16 AND 17 W/S JARVIS ST PLAN D219 PT LOTS 7 AND
8 AND PT LANE CLOSED
THE CONSENT REQUESTED:
To obtain consent to sever the property into two lots.
Retained - Part 1
222 Jarvis Street
The lot frontage is 97.55 m and the lot area is 7048.5 m². The existing office building will be maintained.
Conveyed - Parts 2, 3, 4 & 6
202 Jarvis Street
The lot frontage is 81.13 m and the lot area is 5418.7 m². The existing parking lot/vacant lot will be maintained.
File Numbers B0054/11TEY & A0558/11TEY are considered jointly.
AND:
File Number: A0558/11TEY Zoning CR T4.0 C2.0 R4.0 (PPR)
Owner(s): HER MAJESTY THE QUEEN
IN RIGHT OF ONTARIO
[
Ward: Toronto Centre-Rosedale
(27)
Agent: PETER REED
Property Address: 222 JARVIS ST Community:
Legal Description: PLAN 10A LOTS 9 TO 13 W/S JARVIS ST PLAN D219 BLK A LOTS 4 TO 6
PT LOT 7 AND PT LANE CLOSED
PURPOSE OF THE APPLICATION:
To maintain the existing office building on the reduced lot.
REQUESTED VARIANCE TO THE ZONING BY-LAW:
Section 8.(3), Part I.2, By-law 438-86
The maximum permitted gross floor area is 2.0 times the area of the lot (14 083.06 m²).
The existing building will have a gross floor area equal to 8.27 times the area of the lot (58 280 m²).