For Sale - JLL Property
For Sale 766 St. Clair Ave. W., Toronto
Urban Mixed Use Opportunity An exceptional opportunity to acquire an urban street-front, mixed-use asset in the rapidly gentrifying neighbourhood of St. Clair Avenue West. The asset is fully leased with an established retail tenant at grade, and a recently renovated office space on the second floor. The opportunity provides stable cash flow with future revenue growth potential through contracted rental escalations, as well as improved area leasing fundamentals.
Asking Price: $1,450,000 Location The Property is located on the north side of St. Clair Avenue West just west of Bathurst Street. The Property is within minutes of St. Clair West subway station on the Yonge-University Line, and is serviced directly by the St. Clair streetcars. The Property is surrounded by the residential neighbourhoods of Wychwood, Humewood and Bracondale Hill, populated largely by middle and upper-middle class families. St. Clair West is also home to a variety of restaurants, bakeries, cafes, bars, clothing retailers, grocery stores and more. Area retailers include the LCBO, No Frills, McDonalds, RBC, The Stockyards, and The Artscape Wychwood Barns.
Income & Tenancy The Property is 100% leased to a retail tenant at grade with an office tenant on the second floor. The retail space is leased by EcoExistence, a home accessories retailer specializing in eco-friendly products and services. The second floor is leased to a well known immigration lawyer. Both spaces have been recently renovated and are in fantastic condition.
Key Highlights Excellent location on St. Clair Ave. just west of Bathurst St. Excellent Access to Public Transit
Recently Renovated Building Two Parking Spaces
Property Details Frontage Depth
20 ft. 100 ft.
Lower Level Area:
1,000 sf.
Retail Area:
1,100 sf.
Office Area:
1,000 sf.
Building Area:
3,100 sf.
Zoning Official Plan Approximate NOI
CR 5.0 (c2.0; r 4.0) Mixed Use Area $60,000 per annum
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected] *Salesperson Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
Offering OfferingGuidelines Guidelines Jones Lang LaSalle Real Estate Services, Inc. (the Jones Lang Real Estate Services, Inc. (the “Advisor”) has LaSalle been retained by 363 Eglinton Avenue “Advisor”) has been retained by 1662 Queen Street West Limited (the “Vendor”), on an exclusive basis, to West Holdings (the “Vendor”), on an exclusive basis, to sell 766 St. Clair Avenue West, Toronto, Ontario (the sell 1662 Queen Street West, Toronto, Ontario (the “Property”). ‘Property”). TheThe Property is isoffered ataaprice priceofof$1,150,000 $1,450,000 Property offeredfor for sale sale at andand willwill bebe sold whereisisbasis, basis,free free soldononan anas-is, as-is, where andand clear of debt.The TheVendor’s Vendor’s objective objective isistotomaximize salesale clear of debt. maximize proceeds while preference will be given to Offers with proceeds while preference will be given to Offers with limited conditionalityand and timely timely closing. limited conditionality closing. Offers will be considered by the vendor on an as Offers will be considered by the vendor on an as received basis and should be submitted to the attention received and submitted theStreet, attention of Elliotbasis Medoff andshould David be Horowitz at 199toBay of Elliot at 199 ON, BayM5L Street, Suite Medoff 4610, Toronto, 1G3.Suite 4610, Toronto, ON, M5L 1G3.
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected] *Salesperson Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
Urban Mixed Use Opportunity An exceptional opportunity to acquire an urban street-front, mixed-use asset in the rapidly gentrifying neighbourhood of St. Clair Avenue West. The asset is fully leased with an established retail tenant at grade, and a recently renovated office space on the second floor. The opportunity provides stable cash flow with future revenue growth potential through contracted rental escalations, as well as improved area leasing fundamentals.
Asking Price: $1,450,000 Location The Property is located on the north side of St. Clair Avenue West just west of Bathurst Street. The Property is within minutes of St. Clair West subway station on the Yonge-University Line, and is serviced directly by the St. Clair streetcars. The Property is surrounded by the residential neighbourhoods of Wychwood, Humewood and Bracondale Hill, populated largely by middle and upper-middle class families. St. Clair West is also home to a variety of restaurants, bakeries, cafes, bars, clothing retailers, grocery stores and more. Area retailers include the LCBO, No Frills, McDonalds, RBC, The Stockyards, and The Artscape Wychwood Barns.
Income & Tenancy The Property is 100% leased to a retail tenant at grade with an office tenant on the second floor. The retail space is leased by EcoExistence, a home accessories retailer specializing in eco-friendly products and services. The second floor is leased to a well known immigration lawyer. Both spaces have been recently renovated and are in fantastic condition.
Key Highlights Excellent location on St. Clair Ave. just west of Bathurst St. Excellent Access to Public Transit
Recently Renovated Building Two Parking Spaces
Property Details Frontage Depth
20 ft. 100 ft.
Lower Level Area:
1,000 sf.
Retail Area:
1,100 sf.
Office Area:
1,000 sf.
Building Area:
3,100 sf.
Zoning Official Plan Approximate NOI
CR 5.0 (c2.0; r 4.0) Mixed Use Area $60,000 per annum
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected] *Salesperson Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
Offering OfferingGuidelines Guidelines Jones Lang LaSalle Real Estate Services, Inc. (the Jones Lang Real Estate Services, Inc. (the “Advisor”) has LaSalle been retained by 363 Eglinton Avenue “Advisor”) has been retained by 1662 Queen Street West Limited (the “Vendor”), on an exclusive basis, to West Holdings (the “Vendor”), on an exclusive basis, to sell 766 St. Clair Avenue West, Toronto, Ontario (the sell 1662 Queen Street West, Toronto, Ontario (the “Property”). ‘Property”). TheThe Property is isoffered ataaprice priceofof$1,150,000 $1,450,000 Property offeredfor for sale sale at andand willwill bebe sold whereisisbasis, basis,free free soldononan anas-is, as-is, where andand clear of debt.The TheVendor’s Vendor’s objective objective isistotomaximize salesale clear of debt. maximize proceeds while preference will be given to Offers with proceeds while preference will be given to Offers with limited conditionalityand and timely timely closing. limited conditionality closing. Offers will be considered by the vendor on an as Offers will be considered by the vendor on an as received basis and should be submitted to the attention received and submitted theStreet, attention of Elliotbasis Medoff andshould David be Horowitz at 199toBay of Elliot at 199 ON, BayM5L Street, Suite Medoff 4610, Toronto, 1G3.Suite 4610, Toronto, ON, M5L 1G3.
For more information please contact: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected] *Salesperson Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2014. Jones Lang LaSalle. All rights reserved.
