Parking lot located at 255 Royal York Road

Toronto District School Board, at its meeting on March 16, 2023 adopted a resolution pursuant to Section 194(3) of the Education Act declaring that the above-noted property is not required for the purposes of TDSB.

Toronto Lands Corporation has authority to issue and transact the Proposal to sell the Property as required by Ontario Regulation 444/98, Disposition of Surplus Real Property (the “Regulation”), and, at this time, is initiating the disposition process. The Regulation requires a school board to first circulate a surplus property to a specified list of agencies. The Regulation provides an opportunity for priority ranked agencies to make an offer for the Property at fair market value. In order to secure an agency’s right under the Regulation, an agency must submit an expression of interest before the expiration of 90 days after the day on which the board issued the Proposal. The Initial Expiry Date for submission of your expression of interest is July 19, 2023.