11&17 NEWTON DR FOR SALE
DOMINIC DELAPENHA* ASSOCIATE VICE PRESIDENT +1 416 643 3759
[email protected] CHRIS LUXTON SALES REPRESENTATIVE +1 416 791 7263
[email protected] MICHAEL CAREW SALES REPRESENTATIVE +1 416 791 7265
[email protected] TA B L E O F C O N T E N T S EXECUTIVE SUMMARY
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AREA OVERVIEW
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FLOOR PL ANS
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DEMOGRAPHICS OVERVIEW
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EXECUTIVE SUMMARY OPPORTUNITY On behalf of the Vendor, Colliers International (the “Advisor”) is pleased to offer for sale 11 & 17 Newton Drive (the “Property”), situated within Toronto’s North Yonge submarket. The property offers a unique freestanding office/retail building ownership opportunity with an additional Residential home. The office/retail building provides a high quality finished interior throughout the twostorey building which was built in 2012 and includes an elevator that grants easy access to all floors. The entire building comprises of 9,366 square feet including a finished basement which was finished in 2013. The parking area on site offers 18 parking spaces as well as a significant signage opportunity that is clearly seen on Yonge St. Right next door, 17 Newton Drive provides any purchaser with an opportunity to acquire a beautiful residential home in one of Toronto’s hottest real estate sub-markets. This is a great opportunity for both an investor looking for a stable asset with income already in place or an end user looking to occupy up to 10,000 sf of office/retail space.
PROPERTY LOCATION Positioned east of Yonge Street, the property resides on the south east side of Yonge Street and Newton Drive, in the Newtonbrook East community. The property’s location benefits from unparalleled local and regional access, supported by an advanced network of highways (401, 400, 407). Subway lines and surface bus transportation are consistent with direct connections to the Downtown Core and the surrounding suburban pockets such as Thornhill, Richmond Hill, Markham, and Vaughan. TTC transit access is provided via Yonge Street and
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11 & 17 NEWTON DR
Finch Subway Station is also nearby. Surrounded by an abundance and diverse set of local amenities, 11 & 17 Newton Drive is part of a community that exhibits a strong demographic set within a dynamic commercial and residential node.
PROPERTY SUMMARY ADDRESS
11 & 17 Newton Drive
LEGAL DESCRIPTION
PLAN 2324 LOT 156 W PT LOT 155 / PLAN 2324 LOTS 153 AND 154 PT LOT 155
SITE AREA
FRONTAGE: 90’ / 40’ DEPTH: 121.5’ / 121’ AREA: 10,935 SF / 4,872 SF
BUILDING SIZE
11 NEWTON DR 1ST FLOOR: 3,128 SF 2ND FLOOR: 3,110 SF BASEMENT: 3,128 SF TOTAL: 9,366 SF
ELEVATOR
YES
PARKING
18 PARKING STALLS
ZONING
R4
2016 TAXES
11 NEWTON DR $44,003
17 NEWTON DR 3,000 SF (EST)
17 NEWTON DR $6,508
TRANSIT & AMENITIES SURROUNDING AREA
bus stop on busy-Yonge Street connects to three routes and is just 5 minutes from Finch Subway Station. This region is comprised of public amenities including plenty of schools, parks, Toronto Public Library, Police Services, Community Centres, Medical & Cental Centres, places of worship and more.
Currently, the North Yonge submarket consists of 32 office towers with office inventory of approximately 8.7 million square feet. This neighbourhood offers effortless access to various amenities including schools, parks, restaurants, shopping plazas, grocery stores, theatres, government offices and many more. The surrounding region also has convenient connections to highways 401, 400 and 407 with neighbouring Yonge/University-Spadina subway line and TTC bus stops.
17 NEWTON DRIVE
ABUNDANCE OF AMENITIES The Yonge and Steeles area is rapidly growing with plenty of commercial and residential buildings. There is a variety of amenities which makes this location a one stop shop for employees and residents in the neighbourhood.
Transit
There are numerous dining and convenience retailers right at Yonge Street and Newton Drive with a public park right around the corner. Centerpoint Shopping Mall is quick five-minute walk and a BUS ROUTES
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11 & 17 NEWTON DRIVE
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11 & 17 NEWTON DR
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FLOOR PLANS
BASEMENT
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11 & 17 NEWTON DR
GROUND FLOOR
11 & 17 NEWTON DR
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FLOOR PLANS
2ND FLOOR
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NORTH-YONGE DEMOGRAPHICS OVERVIEW DEMOGRAPHICS With a local population of approximately 334,084 people (within five kilometres), the North Yonge neighbourhood is a growing community with a tremendous amount of prosperity. According to recent statistical research, the local area (within five kilometres) has experienced a 5.9% increase in full-time residents over the last five years and is expected to see a further 4.9% increase in population from 2016 – 2021.
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11 & 17 NEWTON DR
The surrounding area (within five kilometres) boasts a median age of approximately 42 years and an average annual household income level of $105,188 and it also offers an extremely educated workforce population, with approximately 46.4% of individuals aged 25 and over holding a university certificate or degree.
DEMOGRAPHICS CHART CATEGORY WITHIN 5KM OF 11 NEWTON DRIVE Share of Population (Aged 25-64) by Educational Attainment (Projection) POPULATION 2016 estimated 2021 projected
University certificate, diploma or degree at bachelor level or above
54.77%
High school certificate or equivalent
18.02%
334,084
350,351or College, CEGEP or other non-university certificate diploma
% Pop. Change (2016-2021) 5-19 Years 20-24 Years
12.72%
4.9% University certificate or diploma below bachelor level
7.77%
Apprenticeship or trades certificate or diploma 13.3%
3.53%
No certificate, diploma or degree
3.18%
25-34 Years
7.0% 16.1%
35-44 Years Share of Labour Force Population (Aged 15+) by Occupation 45-54 Years
13.6% 14.3% 23.90%
55-64 Years
Sales and service occupations
Business, finance and administration occupations
17.53%
65-74 Years
9.5% Natural and applied sciences and related occupations
14.34%
Median Age
Management occupations
13.94%
13.7%
41.8
Occupations in education, law and social, community and government services $105,188
12.35%
HOUSEHOLD INCOME (AVG.) 25+ WITH UNIVERSITY CERTIFICATE OR DEGREE
Trades, transport and equipment operators and related occupations 46.4%
6.37%
NUMBER OF HOUSEHOLDS PERSONS PER HOUSEHOLD (AVG.)
Health occupations
129,695
Natural resources, agriculture and related production occupations
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5.18% 2.79%
Occupations in art, culture, recreation and sport
2.39%
Occupations in manufacturing and utilities
1.20%
SHARE OF EMPLOYED POPULATION BY MODE OF TRANSPORTATION TO WORK Share of Employed Population (Aged 15+) by Mode of Transport to Work Travel to Work by Car as Driver
57.14%
Travel to Work by Public Transit
35.29%
Travel to Work by Walking
3.36%
Travel to Work by Car as Passenger
3.36%
Travel to Work by Other Method
0.84%
Travel to Work by Bicycle
0.00%
Source: Environics Analytics, 2015
Source: Environics Analytics, 2015.
11 & 17 NEWTON DR
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DOMINIC DELAPENHA* ASSOCIATE VICE PRESIDENT +1 416 643 3759
[email protected] CHRIS LUXTON SALES REPRESENTATIVE +1 416 791 7263
[email protected] MICHAEL CAREW SALES REPRESENTATIVE +1 416 791 7265
[email protected] COLLIERS INTERNATIONAL 245 YORKLAND BOULEVARD, SUITE #200 TORONTO, ON M2J 4W9 +1 416 777 2200 * Sales Representative This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2017. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc., Brokerage