611 college street - CBRE
611 COLLEGE STREET FOR SALE
$1,899,000
CBRE Limited, Real Estate Brokerage | 145 King Street West, Suite 1100 | Toronto |www.cbre.ca
PROPERTY DETAILS Total Size:
3,700 sq.ft.*
# of Storeys:
3
Retail Area:
1,560 sq.ft.*
2 Apartments:
3 Bedrooms
Frontage:
20.07 ft.
Depth:
78 ft.
Property Taxes:
$19,485 *Approximately
THE OPPORTUNITY
An opportunity to acquire an income producing asset in downtown Toronto. The combination of residential and retail creates the ultimate asset class - Urban Storefront. The asset consists of one vacant retail unit at grade with large frontage and two large three bedroom apartments. The purchaser can enjoy historically low interest rates. Price:
CLICK HERE FOR MORE PHOTOS
$1,899,000
Legally Described as: PT LT 5 W S CLINTON ST PL 43 TORONTO; PT LT A PL 356 CITY WEST AS iN IICA265859; EXCEPT THE EASEMENT THEREIN CITY OF TORONTO CBRE Limited
INCOME PROJECTION Retail Income*:
$62,400
Retail TMI*:
$23,400
Residential Income Apartment 1:
$19,500
Apartment 2:
$19,500
Gross Income: Expenses
$124,800
Taxes:
$19,485
Insurance:
$3,400
Utilities:
$2,000
Total Expenses:
$26,885
Net Income:
$99,915
*Estimated based on 1,560 SF
CBRE Limited
THE LOCATION | LITTLE ITALY Located in the best section of Little Italy just west of the corner of Clinton and College. 611 College Street is surrounded by local culinary institutions such as Cafe Diplomatico & Gian Carlo, local favourites such as A3 by Pizzeria Libretto and Utopia. National chains also neighbour the site consisting of LCBO, Shoppers Drug Mart and Starbucks. The location benefits from having TTC access steps from its front door and is surrounded by an affluent and dense residential population. The Property is minutes from Queen West, Trinity Bellwoods Park, The Annex and Kensington Market.
611 College St
ET E R E ST
LEG L O C CLINTON S TRE
ET
CBRE Limited
611 COLLEGE STREET 611 COLLEGE ST
Corner of College & Clinton
Arlin Markowitz*
Senior Vice President 416 815 2374 [email protected]
Alex Edmison*
Vice President 416 874 7266 [email protected]
Jackson Turner
Sales Representative 416 815 2394 [email protected]
CBRE Limited
145 King Street West Suite 1100 | Toronto 416 362 2244
*sales representative This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
$1,899,000
CBRE Limited, Real Estate Brokerage | 145 King Street West, Suite 1100 | Toronto |www.cbre.ca
PROPERTY DETAILS Total Size:
3,700 sq.ft.*
# of Storeys:
3
Retail Area:
1,560 sq.ft.*
2 Apartments:
3 Bedrooms
Frontage:
20.07 ft.
Depth:
78 ft.
Property Taxes:
$19,485 *Approximately
THE OPPORTUNITY
An opportunity to acquire an income producing asset in downtown Toronto. The combination of residential and retail creates the ultimate asset class - Urban Storefront. The asset consists of one vacant retail unit at grade with large frontage and two large three bedroom apartments. The purchaser can enjoy historically low interest rates. Price:
CLICK HERE FOR MORE PHOTOS
$1,899,000
Legally Described as: PT LT 5 W S CLINTON ST PL 43 TORONTO; PT LT A PL 356 CITY WEST AS iN IICA265859; EXCEPT THE EASEMENT THEREIN CITY OF TORONTO CBRE Limited
INCOME PROJECTION Retail Income*:
$62,400
Retail TMI*:
$23,400
Residential Income Apartment 1:
$19,500
Apartment 2:
$19,500
Gross Income: Expenses
$124,800
Taxes:
$19,485
Insurance:
$3,400
Utilities:
$2,000
Total Expenses:
$26,885
Net Income:
$99,915
*Estimated based on 1,560 SF
CBRE Limited
THE LOCATION | LITTLE ITALY Located in the best section of Little Italy just west of the corner of Clinton and College. 611 College Street is surrounded by local culinary institutions such as Cafe Diplomatico & Gian Carlo, local favourites such as A3 by Pizzeria Libretto and Utopia. National chains also neighbour the site consisting of LCBO, Shoppers Drug Mart and Starbucks. The location benefits from having TTC access steps from its front door and is surrounded by an affluent and dense residential population. The Property is minutes from Queen West, Trinity Bellwoods Park, The Annex and Kensington Market.
611 College St
ET E R E ST
LEG L O C CLINTON S TRE
ET
CBRE Limited
611 COLLEGE STREET 611 COLLEGE ST
Corner of College & Clinton
Arlin Markowitz*
Senior Vice President 416 815 2374 [email protected]
Alex Edmison*
Vice President 416 874 7266 [email protected]
Jackson Turner
Sales Representative 416 815 2394 [email protected]
CBRE Limited
145 King Street West Suite 1100 | Toronto 416 362 2244
*sales representative This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
