201 WESTON ROAD FOR SALE

[caption id="attachment_2426" align="alignright" width="500" caption="Asking Price $2,700,000 or cap rate of 6.8%"][/caption]

 

 

From the Listing...

The Property
The Property is comprised partially of a two storey plus lower level building plus a one storey addition containing a total of 26 attractive live and work units with high ceilings and impressive window coverage. The land area is approximately 23,217 square feet (0.533 acre) with frontage on Weston Road of 187 feet and an overall depth of approximately 124 feet. 

Official Plan
The Current Official Plan classifies the property within an area of "General Use Areas - Mix of Commercial, Institutional and Industrial Use" allowing for a mix of commercial, institutional, and industrial uses that will be environmentally compatible with adjacent and neighbouring uses. The New Official Plan classifies the area as "Neighbourhoods" which is simply for residential use, permitting amongst other uses walk-up apartments and existing uses to continue provided such a use was legal prior to the implementation of the Official Plan. 

 

Link to PDF listing [opens in new window]

Why isn't Junction Rd blocked off yet?

Big, fast  and efficient METROLINX IS NEW PROPONENT OF GEORGETOWN LINE  between Union Station and Pearson International Airport as of Dec 15th. Remember the Go Transit rail-to-rail grade separation passes thorough the Junction on Junction Rd and Weston Rd.



“I am excited that we are taking on this project – it is an important element of our Regional Transportation Plan. We will review the project and meet with people to get their views before we begin a transit environmental assessment process,” said Rob MacIsaac, Chair of Metrolinx.

Metrolinx is managing the EA portion of the project and GO Transit will provide expertise in rail service planning, in consultation with its transportation partners.



Metrolinx will present a revised project plan in the New Year, where communities opportunities to comment <-- a word this blog does not like in this context, we would have liked to see the word input and further calls for community integration help.  In their favor though are the words of METROLINX chair in the quote above that provides a stronger sign that people concerns and views will be made use of.

METROLINX IS NEW PROPONENT OF GEORGETOWN LINE [their press release opens in new window]

This Blogs earlier post on the closing City staff ok’s temporary closing Old Weston Rd, at Junction Road

Metrolinx to fast-track airport link Toronto Star Article [opens in new window]

Irvine Tissue - seeks to demolishWeston Rd plant building

The Etobicoke York Community Council has recommended approval of  the application to demolish the buildings at 1415 Weston Road pursuant to By-law No. 3102-95 of the former City of York subject to a beautification agreement containing a beautification plan to be entered into with the City and arrangements made to the satisfaction of the City Solicitor, for registration of the agreement.

also to  to remove any existing curb cuts

also to  submit to the Executive Director Technical Services for review and acceptance, a storm water management report and grading drawing showing how stormwater within the site is to be handled.

Why because of one great old bylaw... Under the City of York Act 1994 (Bill PR147), By-law No. 3102-95 was passed designating the entire area of the former City of York as an area of demolition control. The City of York Act, 1994 provides the authority for Council in the former City of York area to enact special demolition control legislation for the purpose of securing beautification measures on the lands and abutting municipal boulevards, where appropriate, as a condition of the issuance of demolition permits. The By-law is still in force and applies.

Looking at the great condition this company keeps it's factory and site in, all this is probably right in line  with their corporate methods of running their business. It will be interesting to watch this happen throughout the process staff use  to prepare the agreement in consultation with the Ward Councillor and the owner.

1415 Weston Road – Demolition Approval full  COT Staff report [opens in new windows]