Development

7-Storey Residential Building Planned for Kits

A development permit application has been submitted for a 50′ x 120′ site at the Northwest corner of West 11th Avenue and Maple Street in Kits; across from Lord Tennyson Elementary School. The plan for the C-7 zoned site calls for retention of the two-storey heritage building on the lane redevelopment of the existing retail building into a 7-storey residential building. Details include:

  • 8 units in total
  • 3 townhouse units and 5-units in floors 3-7 (one suite per floor, all 3-bedrooms)
  • Total density of 2.44 FSR (18,316 SF)
  • 2 levels of underground parking
Existing site

Existing site

2001 West 11th_1The architect for the project is Ankenman Marchand Architects.

The site had been listed for sale with CBRE in 2015 for $4,988,000, and sold in September 2015 for $4,950,000; equivalent to $270 per buildable SF.

February 16, 2016by david.taylor@colliers.com