community is on the chopping block, with a group of properties hitting the market for a combined $24 million, and potential plans to redevelop the site with a new mid-rise building.
Realtors are shopping a group of seven properties around that includes 23 Saint Andrew Street plus 25 through 35 Kensington Avenue, located just northwest of the Dundas and Spadina intersection. The document circulating mentions the possibility of purchasing additional properties at 21 and 23 Kensington Ave plus an easement lot attached to 23 St. Andrew, which would add 0.173 acres to the site and increase the developable footprint to 0.66 acres.
The site is currently home to a collection of Victorian semi-detached homes with commercial frontages and includes a handful of businesses such as vintage storeIf sold off, it is expected that the new owner of the properties would redevelop the site with a higher-density development, and the document specifically notes the potential for an eight-storey building on the land.
Toronto's Official Plan does indeed designate this pocket of the city for mixed-use development, though, like pretty much everything else proposed under the city's archaic zoning by-laws, any mid-rise plan would require a rezoning to move forward., which aims to conserve the area's cultural and built heritage. This would likely only prove a small speed bump in any redevelopment plans, as new development is still permitted in an HCD as long as it adheres to the surrounding style.
What is your source for this? The buildings listed for sale in this article don't all have the same owner
I always knew that area would be demolished for condos, the city needs more units, ppl line up to spend money here, cash rules everything around me
How on earth is that not a heritage district?!? ausmalik DianneSaxe JoshMatlow C'mon...
Great location for a condo👍... 😁😬😐😐😵💫😵🤕
RIP Kensington....RIP Toronto.....just rename the city Blackrock at this point.......
I wondered how long it would take for that empty space to be sold off and for how much. ugh
no rest for the wicked, no peace for cultural sentiment
Cockroach and rat haven ...I used to live in the area and had to leave because of the roadent issue, unfortunately
Why isn't Kensington being designated as historical/heritage district that should not be swept up in condo development?
So that's the end of Kensington market.
Well, goodbye to that entire vibe of a neighborhood
Toronto bruh
such a dump these days