1601 Ellesmere Road
Description
Progress Plaza Centre – FOR SALE
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Details
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Property ID 3533
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Price $12,500,000 M
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Property Type Commercial
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Property Label For Sale
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Sale Price: $12,500,000
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Location: Scarborough, Toronto
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Property Size: 1.193 Acres
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Building GFA: 16,038 Sq Ft
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Units: 15 Rental Units and 69 Parking Spots
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Legal Description: PARCEL B-1, SECTION M772 BLK B, PLAN M772
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Zoning: OFFICIAL PLAN DESIGNATED - RESIDENTIAL, MAJOR TRANSIT STATION AREA, CORNER LOT
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Primary Intersections: Ellesmere Rd and McCowan Rd
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About This Property: Exceptional Investment in Scarborough City Centre! This plaza sits in a high-growth area near the upcoming Scarborough Subway Extension, GO Bus terminal, and Hwy 401—soon to be a major transit hub. A 36-tower master-planned community nearby will double the population and create a dynamic downtown core. Surrounded by luxury condos and amenities, and just a 10-minute walk from future city developments including a school, park, affordable housing, and a community hub—this is a prime opportunity for forward-thinking investors.
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