On the northeast corner of Bayview and Eglinton Avenue East, Sunnybrook Plaza will be redeveloped into a mix-use residential dwelling split between two buildings with retail on the first floor. Although the redevelopment may still be a few years away, its proposal includes 16-storey and 11-storey residential towers containing a total of 427 dwelling units, 412 parking spaces (with most of them located in a 2-level garage), and a continuous driveway that extends onto the road.
Sunnybrook Plaza’s developer, RioCan Real Estate Investment Trust Company, is one of Canada’s largest real estate investment trust, with ownership and management in mixed-use properties in the most demanding Canadian areas and neighbourhoods. Their portfolio comprises an outstanding 250 properties! They are working together with Concert Real Estate Corporation, which will be acting as the development manager and property manager for the residential portion of the property.
This redevelopment will be adjacent to a station on the Eglinton Crosstown LRT project and provides a great opportunity to investors and end-users to purchase at a transit-oriented area of Toronto.
Interested in other projects along the upcoming Eglinton Crosstown LRT?