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130 Michael Cowpland Drive
$1,490,000 Sale
Listed 5 hours ago
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Listing History
Buy/Sell/Terminated/Expired listing history for 130 Michael Cowpland Drive
Key Facts
Key facts for 130 Michael Cowpland Drive
Property Type
Commercial
Parking
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MLS #
X12428064
Size
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Basement
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Listed on
2025-09-26
Lot size
241 x 0.0
Tax
$28,343 /yr
Days on Market
0
Approximate Age
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Maintenance Fee
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Description
The subject property offers approximately 1.36 acres of development land, strategically located within a General Mixed (GM) use zone with an urban exception and schedule. The site benefits from a 22-metre height allowance within a Minor Corridor designation, supporting the Citys vision for future 15...-minute neighbourhoods where both residential and non-residential uses are encouraged. This creates the opportunity to explore multi-residential, mixed-use, or commercial development, with the potential to accommodate a building of up to six storeys. Alternatively, the property presents the flexibility to pursue a rezoning to IP Business Park, expanding development possibilities to align with surrounding employment and light industrial uses. A preliminary consultation with City staff indicated support for this conversion. To illustrate its potential, the marketing package includes two concept plans: a single-storey 20,000 sq. ft. warehouse and a three-storey 51,000 sq. ft. office building. Together, these scenarios highlight the sites adaptability and strong development upside for a wide range of end users and investors.
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Courtesy of: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES