the seller is caught between a rock and a hard place or a highrise and a low rise. that lot would end up having next to no property value once it's sandwiched in between two higher density buildings.
the CN Tower is an iconic building in a city that doesn't have many iconic buildings. The Epcor wouldn't even exist if it wasn't for the dirty former mayor.
I walk and ride my bike around but I still want underground,. secure parking for my car. my building doesn't have enough underground stalls to meet the demand. there's additional parking outside but most neighbors don't like those because of the weather and back lane hooligans.