Toronto 5509 Dundas West | 72.16m | 22s | Contessa | Turner Fleischer

This Zoned Site is now For Sale (contrary to the owner's webpage that said it was going to build it as purpose-built rental):
1644442333369


www.5509dundaswest.com

5509 Dundas West - Home

5509 Dundas West is an upcoming 21-storey purpose-built rental development in the Highway 427/Dundas West area. It features amazing amenities, breathtaking modern design, an outdoor patio, high-quality finishes, and so much more.
www.5509dundaswest.com www.5509dundaswest.com
 
YIMBY519 said:
This Zoned Site is now For Sale (contrary to the owner's webpage that said it was going to build it as purpose-built rental):
1644442333369


www.5509dundaswest.com

5509 Dundas West - Home

5509 Dundas West is an upcoming 21-storey purpose-built rental development in the Highway 427/Dundas West area. It features amazing amenities, breathtaking modern design, an outdoor patio, high-quality finishes, and so much more.
www.5509dundaswest.com www.5509dundaswest.com
Click to expand...
With this design having been dumbed down so severely in the SPA, cheers to it being for sale and giving someone else a chance for something better here.

42
 
Drove by today and noticed that this is for sale with an Avison Young banner plastered across the front. I don't recall seeing that a couple of months ago so I am not sure if it is new or I just didn't see it due to traffic on my last few visits.
 
Tim MacDonald said:
Drove by today and noticed that this is for sale with an Avison Young banner plastered across the front. I don't recall seeing that a couple of months ago so I am not sure if it is new or I just didn't see it due to traffic on my last few visits.
Click to expand...
I live in the area and I can confirm that the sign is new - maybe was put up ~2 weeks ago.
 
"
Avison Young has been retained by BDO Canada Limited, solely in its capacity as the receiver of Dundas Shorncliffe Limited Partnership & Dundas Shorncliffe Ltd. and not in any other capacity, to offer for sale 5507 - 5509 Dundas Street W, Toronto"
From the Avison Young Brochure

Does this mean this property is in receivership (loan default) or is that just Commercial Real Estate jargon?
 
This site is such an eyesore and is now just a blank cavass for spray paint and garbage...
 
storeys.com

Dundas West Development Site In Receivership Hits The Market

Receivership proceedings over a development site on Dundas West that culminated in an appointment order in March have continued to move along, with the Ontario courts approving the sale and investment solicitation process (SISP) just last month. This was the final step before the property at...
storeys.com storeys.com
 
Was the site sold? I passed by yesterday and the old dealership building had been demolished by an excavator on site.
 
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