Development, Retail

Mixed-Use Building Planned for Oak Street

An existing C-2 zoned strip retail building at the corner of Oak Street and Laurier Avenue (one block North of King Edward) is proposed for redevelopment to allow a 4-storey building with retail uses on the ground floor and 11 residential units above, all over two levels of underground parking. Details for this 12,819 SF site include:

  • Total density of 29,100 SF or 2.27 FSR (less than 2.5 max due to site restrictions)
  • Top floor has two 2,000 SF units targeting downsizers
  • Each unit gets two parking stalls
  • Concrete construction with high quality interior and exterior finishes

1009 Laurier_11009 Laurier

The site was acquired by Xpec Oak Holdings Ltd. in 2014 for $7,900,000, or $271 per buildable SF based on the proposed density.

August 6, 2015by david.taylor@colliers.com