- What 2070 and 2078 Queensway Drive have been appraised at upward of $20m
- Why The 5-acre site is adjacent to the Burlington GO station
- What next Blair Blanchard Stapleton has the assignment
A Burlington, Ont., land parcel with development potential could fetch over $20m under a power of sale, Green Street News can reveal.
Blair Blanchard Stapleton has the assignment for 2070 and 2078 Queensway Drive. The 5-acre parcel is being marketed unpriced but has been appraised at $20m to $30m.
It last traded for approximately $11.5m in 2021, although it has been identified since as being part of a strategic growth area within the Burlington GO major transit-station area. Such areas have been targeted as priorities for transit-supportive, mixed-use intensification.
Over 90% of the land is developable. According to marketing materials, a building of up to 45 storeys is possible. The land is zoned GE2 – general employment, and is occupied by an industrial building and storage yard.
The parcel is 360 m from the Burlington GO station and within 1 km of Queen Elizabeth Way and Highway 403. Burlington Power Centre, Mapleview Shopping Centre and downtown Burlington are within 2 km.
Part of the Greater Toronto Area, Burlington is 10 km northeast of Hamilton and 45 km southwest of Toronto.
