3645 Bathurst Street
Toronto C04 M6A 2E4
Canada

Property

Ownership: For Sale
Type: Unknown

Financials

Price:C6,799,000
($4,778,600)
(€4,274,100)
Annual Taxes:C75,705.15
Angelo Ferlisi
9 Queen Street Unit 7, Cookstown, Ontario

Exceptional opportunity for developers, end users and retail investors to acquire a multi tenant commercial property with future redevelopment potential on Bathurst Street, just south of Highway 401.

Description

Exceptional opportunity for developers, end users and retail investors to acquire a multi-tenant commercial property with future redevelopment potential on Bathurst Street, just south of Highway 401. Situated on a 0.42-acre corner lot with approximately 113 feet of Bathurst Street frontage and on-site parking, the property combines prominent exposure, existing rental income and substantial vacant space with the opportunity to explore future residential/mixed-use redevelopment, subject to municipal approvals. Known as the former "Sea-Hi" building, the property comprises approximately 17,955 sq. ft., including 9,172 sq. ft. above grade and a substantial 8,783 sq. ft. lower level. Offering a mix of retail and office space, approximately 4,451 sq. ft. is currently leased, with vacant space providing flexibility for a purchaser's own occupancy, lease-up and repositioning. The large vacant lower level features high ceilings and additional income potential. Recent improvements include upgraded storefronts, windows and building systems. Situated within a Mixed Use designation along an evolving commercial corridor, the property benefits from nearby redevelopment activity fronting Bathurst Street, including approved rezoning at 3736-3750 Bathurst Street for a 32-storey tower and 10-storey mid-rise comprising 479 residential units and ground-floor retail. This nearby approval highlights the corridor's ongoing shift toward higher-density mixed-use development and supports the opportunity to investigate the subject property's longer-term redevelopment potential. Located next to Starbucks and close to established residential neighbourhoods, shops and amenities, with convenient access to Highway 401, Allen Road and public transit.

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.