Taking a page from its Toronto neighbor to the east, the City of Oakville is looking to sell a large plot of land it has deemed surplus.
The site – located at 2264 Trafalgar Road –is situated at the northwest corner of Trafalgar Road and Glenashton Drive. The 7.2 hectare property is currently zoned as agricultural, however the city is planning on re-zoning the area in hopes it can sell to a developer who will bring an urban, high density retail, commercial, office or mixed use development.
The city is hoping that any development will encourage the city’s growth as an urban pedestrian area.
The proposed re-zoning would allow a residential or office building that would climb up to 12-storeys, with ground floor retail, commercial or office spaces.
The city would allow a building to rise up to 16 stories, as long as the developers enter into an agreement with the town to provide public benefits. The site has been on the market for some time and the town intends to set up the search for a buyer who will maximize the development potential of the site.