Dovercourt Rd to Dupont St 1020 Dupont Street, Toronto - Employment Industrial | $5,999,000Rare opportunity to acquire a landmark Toronto employment site with compelling intensification potential. This 17,438 sq ft lot commands 132 feet of prime Dupont Street frontage in one of the city's most rapidly evolving corridors - offering a development runway Zoned Employment Industrial E2.0 (x262), the site currently operates at a Floor Space Index of 0.75 against a permitted 2.0 FSI - representing substantial unutilized density. A large paved surface parking area to the east of the existing building provides an immediately actionable expansion pad, with no demolition required to begin planning. The existing improvements include a two-storey, 13,070 sq ft character industrial building with exposed brick and a lower level featuring full ceiling height and concrete ramp access. entitlements or repositioning strategies are advanced. The surrounding context tells the story of where this node is heading. The Galleria Mall redevelopment to the west is delivering significant residential density and commercial programming. An approved 17-storey purpose-built rental project sits immediately to the east. The Geary Avenue creative corridor runs directly behind the site, now home to studios, food production facilities, restaurants, and professional office tenants. Intensification pressure across this stretch of Dupont is accelerating. At $5,999,000 - approximately $425/sq ft on existing GFA - this asset is priced in line with market comparables while reflecting meaningful land upside. A site of this scale, frontage, and locational quality, with available FSI and no immediate capital obligations, represents the kind of patient-capital play that rarely surfaces in established Toronto employment nodes. Sold by the Court-Appointed Receiver. All offers subject to court approval. Property sold in "as-is, where-is" condition. No representations or warranties. (id:27476)
