• There is an existing positive cash flow from the property. The project has successfully been acquired and Sovereign Sky Developments is in the process of submitting an application on this property for an Official Plan & Zoning Bylaw Amendment to get approval for a 10 storey mixed use building with retail on the ground floor and 144 residential condos above.
• Expected timeline for the draft site plan approval is ~ 1+ years.
• The property has close proximity to the Falls, QEW, Costco, Outlet Mall, Walmart Supercenter, Restaurants, Nofrills & the Go Station.