Toronto C08 M5C 2H4
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C4,199,000
($2,955,400)
(€2,590,800)
Annual Taxes:C29,464
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario
Phone:

Client Remarks Strategic Downtown Toronto Corner First Time Offered in Over 50 Years.

    Description

    Client Remarks Strategic Downtown Toronto Corner First Time Offered in Over 50 Years. Rare opportunity to acquire a prominent commercial asset at the south-east corner of Jarvis and Richmond. This 7,204 SF mixed-use property offers an experienced investor immediate versatility: continue to enjoy stable income from established tenants, occupy with your own business or reposition the property to maximize market rents. The property benefits from exceptional visibility and high vehicular traffic counts, serving a dense, established population of high-rise residential and office users. Transit connectivity is excellent, situated within walking distance to the King Subway Station and the upcoming Ontario Line (Moss Park). Just minutes to Gardiner and DVP. With new developments proposed, including a new 50-storey tower application directly across the street, the property is positioned in a high-growth node with significant long-term potential. Ground floor comprises 1,392 SF retail across two units, and 1,448 SF presently used as office with potential for retail or service uses. The second floor has a tattoo shop and there is a vacant office space formerly occupied by a marketing agency which could be available immediately for your own use. The third floor has a live-work tenant and there is additional income from a rooftop sign. Over 114 feet of prime corner exposure across both Richmond Street East and Jarvis Street. Strictly no direct contact with tenants.Brokerage Remarks

    All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.