905-332-2207
15
$7,999,900 Sale
Listed 46 days ago
202-196 Upper Mount Albion Road
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Listing History
Buy/Sell/Terminated/Expired listing history for 202-196 Upper Mount Albion Road
Key Facts
Key facts for 202-196 Upper Mount Albion Road
Property Type
Commercial
Parking
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MLS #
X13718754
Size
-
Basement
-
Listed on
2026-08-27
Lot size
285 x 200.0
Tax
$1 /yr
Days on Market
47
Approximate Age
-
Maintenance Fee
-
Description
Exceptional development opportunity in a high-traffic, high-demand commercial corridor, strategically positioned directly across from Cineplex and surrounded by established restaurants, cafes, and national retail. This prime parcel benefits from outstanding visibility, strong pedestrian activity, an...d a proven consumer base. The site currently features one commercial building and three residential dwellings, generating stable interim income to offset holding costs while development approvals and planning are advanced. Existing zoning supports two compelling development scenarios. The first contemplates a nine-storey mixed-use condominium with approximately 232 residential units and ground-floor commercial space. The second allows for two six-storey purpose-built rental buildings totalling 99 units, also with retail at grade and well positioned to leverage CMHC-backed rental financing programs. Both concepts align with the area's continued intensification, population growth, and sustained demand for mid-rise, transit-oriented residential living. With walkable amenities, strong demographics, and flexible mixed-use potential, this asset offers meaningful upside for developers and investors seeking either near-term execution or a strategic long-term hold in a thriving commercial node. Some photos are renderings.
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Courtesy of: RE/MAX ABOUTOWNE REALTY CORP.