Many in the Dufferin and Lawrence neighbourhood were shocked to see the sudden closing of the Dean Myers Car dealership at Dufferin and Lawrence. CTV News reported that the company had been placed in receivership after failing to repay over $9 million in loans to RBC.
It now appears that land the dealership operated on (at 3180 Dufferin Street) has sold! According to Dean Macaskill for TRNTO, the Dufferin and Lawrence site (which measured in a just over 4 aces) has sold for $54,650,000 to RioCan REIT and Woodburn Investments.
No plans for the site have been announced yet, but it’s something we’ll be watching closely as more projects get proposed in the Dufferin and Lawrence neighbourhood!