[SOLD] 150 Symes Road
Situated on a ravine, this contaminated and now derelict former incinerator and waste transfer station has recently been declared a heritage building, making it about as challenging a development deal as one can encounter. Build Toronto leveraged its extensive experience to assist one investor in realizing tremendous City-Building benefits. Read the full story here.
By providing financing through the creative use of a vendor takeback mortgage, we facilitated an opportunity for the purchaser to invest their capital funds into repurposing the existing 1930s heritage-designated art deco industrial building.
DetailsMajor Intersection: St. Clair Avenue West and Weston Road
Surrounding Uses: Hydro corridor, industrial land uses and a low-density residential neighbourhood to the north; additional industrial properties to the east; a relatively new low density residential neighbourhood to the south; and an established low-density residential neighbourhood to the west.
Ward: 11 - York South-Weston
Councillor: Frances Nunziata
Site Area (acres): 5.5
Past Use: Former incinerator and waste transfer station
Proposed Use: Industrial
Official Plan - Land Use Designation: Employment Area
Planning and Staff Reports:
- Encourage adaptive reuse of the historical building
- Remediate the site
- Retain and expand employment uses
- Repurpose the underutilized, derelict property