821 Main St E

Milton, ON

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  WHAT THE MEDIA IS SAYING ABOUT MILTON 

          REAL ESTATE

CLICK HEADLINE TO READ ARTICLE 

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    Canada’s Fastest Growing Cities                                2017

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     "Milton and other Toronto 'outskirts' growing fast, census                          data shows"

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Property Info:

    821 Main St E,

1.  The use permissions in OPA 31 and the zoning by-law look good (about as broad as they could be).

 

2.  The overall height and achievable density under OPA 31 and the zoning by-law appear to be currently limited  to a maximum 4 storeys and about 2.4 FSI.  It is possible that the fact that the in-force OP allows 7 storeys on the east portion of the site could be a starting to point to have a discussion about greater heights and density.

Site Dimensions

-- approx. 33.5m x 122m

 

Official Plan (in-force, consolidated 2008)

- Designated Central Business District on Schedule B (Urban Area Land Use Plan)

--Designated Commercial/Office Sub-Area on Schedule C (Urban Area Central Business District Land Use Plan)

-- Commercial/Office Sub-Area designation permits a wide range of commercial/office uses

-- Policies applicable to the Commercial/Office Sub-Area include policies related to transition to established residential neighbourhoods, require minimum height of 2 storeys

-- Central Business District Secondary Plan Schedule C.7.A.CBD (Streets and Development Blocks) shows a north-south road and corridor across the subject site, east part of site in Block K, west part of site in Block I

-- Central Business District Secondary Plan Schedule C.7.C.CBD (Height Limits) shows maximum height of 7 storeys on Block K, 4 storeys in Block I 

 

Official Plan Amendment No. 31 (adopted, not yet in force)

-- Designated Central Business District (part of Urban Growth Centre) on Schedule B (Urban Area Land Use Plan)

-- Designated Urban Growth Centre Mixed Use Sub-Area (part of Urban Growth Centre) on Schedule C (Central Business District Land Use Plan), outside Major Transit Station Area

-- Designated Central Business District (part of Urban Growth Centre) on Schedule H (Urban Area Structure Plan)

-- Maximum height = 3-4 storeys, with “transition areas” along the rear limit of the site (Schedule C.7.A. CBD)

-- Urban Growth Centre Mixed Use Sub-Area designation permits high density residential uses, hotels, convention centres, commercial uses, institutional uses and office uses

-- Policies applicable to the Urban Growth Centre Mixed Use Sub-Area designation encourage land assembly to facilitate comprehensive redevelopment, also policies related to transition to established residential neighbourhoods

 

Zoning (By-law 016-2014)

-- Zoned UGC-MU (Urban Growth Centre – Mixed Use)

-- Permits specific residential uses (retirement dwellings, upper floor dwelling units, apartment buildings, long-term care facilities, etc.)

-- Permits a wide range of retail and service commercial uses, including offices, hotels, retail stores (except department stores and food stores), banks, restaurants, recreation and athletic facilities

-- minimum lot frontage = 50m

-- minimum lot area = 3,500m2

-- maximum lot coverage = 60%

-- minimum front yard = 0m

-- minimum side yards = 3.0m

-- minimum rear yard = 12.0m

-- maximum height = 4 storeys and 16.5m (minimum height = 3 storeys and 10.5m)

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Current Market Conditions

-As of May 2018, Condo prices in Milton are up over 12% on a year over year basis.

Index and Benchmark Price, May 2018. All TREB Areas

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Recently SOLD on Main St E

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Price Calculation

  821 Main St E

SQFT

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Asking Price: 

  $5,500,00

     Joel Adair

     Sales Representative

Joel@AdairRealestate.com

     Office: 416 588 3286

       Cell: 647 969 5022