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Birch Avenue Townhomes 
26 Birch Avenue, Toronto
Developer: North Drive Investments Inc


Birch Avenue Townhomes | 17m | 4s | North Drive | Richard Wengle

RonThom

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Just doing a little background research.

The site was purchased by NDI (36 BIRCH AVENUE) INC. for $17,492,500 on September 7, 2018. It's most recent previous transfer was to METROPOLITAN TORONTO ASSOCIATION FOR RETARDED CHILDREN for $2 on March 10, 1967.

The CBRE brochure posted above by ProjectEnd (link) says nearby townhouses at AYC Bedford went for $958 - $1,100 / SF. I think this is a better location as it's more secluded and will be quieter, has more cachet, is closer to a subway station, and is walking distance from a lot of prestigious amenities. So let's assume $1,250 / SF?

Based on the plans units are 2,000 - 3,000 SF x $1,250 = $2,500,000 - $3,750,000.

Even if off by some factor, it seems to support the $3M/home idea.
 
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