45719, 45723 & 45731 Princess Ave

The properties at 45719, 45723, and 45731 Princess Ave are currently enclosed with fencing, featuring signage for Hollycrest Properties. These properties are zoned RES3 (Residential 3 - Low Rise Apartment), a zoning designation that supports the development of low-rise apartments and stacked townhouses. The intent behind this zoning is to provide a mix of housing options that are suitable and affordable for a range of income levels and lifestyles, including singles, couples, seniors, and young families.

The RES3 zoning allows for densities between 70 and 155 units per hectare (uph), with the possibility of increasing to 225 uph for developments that include small unit apartments (with a maximum of 51 m² gross floor area) or congregate care. This higher density is applicable for properties located within 400 meters of a bus stop on a frequent transit route or within 800 meters of a transit exchange, making these properties ideal for transit-oriented development. The zoning also permits buildings up to 4 storeys in height, maintaining a low-rise character while providing diverse housing options.

The presence of Hollycrest Properties’ signage on the fencing indicates the company's involvement in the upcoming development of these sites. Hollycrest is focused on building residential rental units and is committed to providing tenants with exceptional services, emphasizing quality and tenant satisfaction in their developments.