Neighbourhood
Mount Pleasant East
Property
Community
Mount Pleasant East
Land
Zoning
CR2.5 (c2; r2.5*2208)
About this home
586 Eglinton Avenue East is located in a prime location at Bayview Avenue and Eglinton Avenue East, the Offering represents an exceptional development opportunity to construct a residential tower in one of Toronto's most affluent neighbourhoods. 586 Eglinton Avenue East is located on the north side of Eglinton Avenue East immediately west of Bayview Avenue providing exceptional frontage along a main arterial throughfare. The Site benefits from a high-profile location at the nexus of Toronto's top residential neighbourhoods of Leaside, Lawrence Park and North Toronto. Steps from the Property is the Leaside LRT station (3-minute walk) providing for an efficient commute across Eglinton Avenue. Similarly, multiple surface transit routes are available further enhancing pedestrian and transit connectivity. Additionally, access to the TTC subway system via Yonge-Eglinton station is a short distance west of the Property (less than 2km west) providing access to Downtown in less than 20 minutes. The surrounding neighbourhood offers unmatched amenities, employment opportunities, public spaces, parks and restaurants and retail, collectively producing the ultimate live-work-play node. Encompassing 301,066 sq. ft. of Gross Floor Area ("GFA"), 586 Eglinton Avenue East carries approvals for a 46-storey residential tower featuring complimentary retail at grade. Upon completion, 586 Eglinton Avenue East will stand prominently at the Bayview and Eglinton intersection featuring a collection of 446 units in one of Toronto's most robust residential markets. Monthly rental rates have achieved nearly ~$4.50 sq. ft. for selected nearby projects. Additionally, recent condo sales have witnessed an impressive +$1,500 per sq. ft. The Project serves as an opportune time for developers/investors to either develop rental or condo in one of Toronto's top residential neighbourhoods
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