Two properties available for sale at 1010 Downsview Drive & 355 Plains Road East. Opportunity to develop a mixed-use community in close proximity to the Aldershot GO Station. Approved residential development plans for 9, 11, & 11 storey buildings with a total of 612 units and 543,455 square feet of gross floor area. Existing retail plazas provide significant holding income. All tenant leases are triple net.
- MLS®#:
- W12693378
- Property Type:
- Land
- Property Style:
- Area:
- Halton
- Community:
- LaSalle
- Taxes:
- $68,692 / 2025
- Added:
- January 12 2026
- Lot Frontage:
- 335.6
- Lot Depth:
- 0
- Status:
- Active
- Outside:
- Year Built:
- Brokerage:
- AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
- Intersection:
- Downsview Rd / Plains Rd E
- Rooms:
- Bedrooms:
- Bathrooms:
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Heating Type:
- Heating Fuel:
Listing Details
Insights
- **Prime Development Opportunity**: The property is approved for a mixed-use community with plans for 612 residential units across three high-rise buildings, offering significant potential for future growth and profitability.
- **Strong Holding Income**: Existing retail plazas on the property provide a steady stream of income through triple net leases, ensuring financial stability while development plans are underway.
- **Strategic Location**: Located near the Aldershot GO Station, the property benefits from excellent transportation access, making it attractive for future residents and enhancing its marketability.
Neighborhood Overview
Complete neighborhood profile for 1010* Downsview* Drive
LaSalle home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in LaSalle
* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
