A prime location, great amenities, and access to public transit are often some of the most important must-haves for homebuyers. And it looks like a recently proposed mixed-use project in Mimico ticks all those boxes — it just needs to be approved.
A rezoning application for the property at 327 Royal York Road from VANDYK Group of Companies was submitted to the City of Toronto, calling for two residential towers, standing 29 and 44-storeys, commercial space, and a reconstructed Mimico GO Station integrated into the podium.
If approved, VANDYK would be taking over the former 27-storey, 242-unit On The GO Mimico project, which was placed into court-receivership in 2017 after the initial developer Stanton Renaissance ran into financial problems.
According to the submitted application, the Vandyk is the owner of the development property at 327 Royal York Road which is directly north of the existing Metrolinx-owned Mimico GO Station at 315 Royal York Road.
The application says the two sites are proposed to form an “integrated” transit and mixed-use project that would include a reconstructed Mimico GO station and related improvements; 1,096 square-metres of transit-related space; a multi-use path for pedestrians and cyclists as part of the Mimico-Judson Greenway; 8,809 square-metres of office space, and 276 square-metres of retail space that would be housed on the 327 Royal York Road site.
The project would also be comprised of two residential buildings, standing 29 and 44-storeys, respectively, comprised of a total of 687 residential units, spanning 47,435 square-metres.
The application says there will be 499 1-bedrooms (52.48 square-metres), 121 2-bedrooms (76.86 square-metres), and 67 3-bedrooms (102.76 square-metres).
There would also be 514 parking spots available in a 3-level below-grade garage and a 3-level above-grade garage (as pictured in the rendering above), of which, 103 spots would be dedicated to transit riders.