FOR SALE - JLL Property
FOR SALE 3659-3663 Lake Shore Blvd. W., Toronto
ETOBICOKE STREET-FRONT INVESTMENT OPPORTUNITY An excellent opportunity to acquire a newly renovated, fully tenanted street-front asset in the transforming neighbourhood of Long Branch along Lake Shore Boulevard West. The asset is located minutes from the western terminus of two TTC streetcar lines and the Long Branch GO Station.
Visit www.jll.ca Visit www.jll.ca
Key Highlights
Location
Fully leased retail and residential asset
Recently renovated property
30 feet of frontage on Lake Shore Boulevard West
Gentrifying neighbourhood with convenient access to Long Branch GO, TTC, and MiWay transit terminal
Property Details
Frontage:
30 FT
Depth:
120 FT
Site Area:
3,600 SF
Building Area:
3,060 SF
Parking:
Four (4) Spaces
Official Plan:
Mixed Use Area
Net Operating Income:
$67,000 per annum
The asset is located on the south side of Lake Shore Blvd. W., east of the Long Branch GO Station. This stretch of Lake Shore Blvd. W. is undergoing a period of transition from a lowdensity industrial-commercial corridor to a higher-density mixed-use node. The Long Branch loop to the west of the Property serves as a local transit hub and along with the Long Branch GO Station, connects the neighbourhood to Downtown Toronto. As gentrification in the area continues, Long Branch is likely to see an influx of young professionals looking for living spaces accessible to the Downtown Core.
Tenancy Details The ground floor retail space is currently leased to Home & Condo Market Brokerage, a well-established local residential brokerage with a lease expiring in October 2020. The second floor and lower level consist of four fully leased apartment units.
Listing Agent:
Offering Guidelines
Elliot Medoff*
The Property is offered for sale at a price of $1,650,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited conditionality and timely closing. Offers should be submitted to the attention of Elliot Medoff at 22 Adelaide Street West, Suite 2600, Toronto, ON, M5H 4E3.
Vice President JLL Capital Markets Group +1 416 238 9768
[email protected]
© 2016 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purposes of evaluating this proposal. All such documentation © 2016 Jones Lang LaSalle Inc. Allofrights The information in this document is proprietary to Jones LaSalle and shall beonly used solely for the purposesforofitsevaluating thisIt proposal. Allshown such documentation and information and information remains the IP, property Jonesreserved. Lang LaSalle and shall becontained kept confidential. Reproduction of any part of this Lang document is authorized to the extent necessary evaluation. is not to be to any third party remainsthe theprior property of Jones Lang LaSalle andLang shallLaSalle. be keptAll confidential. of any this document authorized only tonothe extent necessary for its evaluation. notaccuracy to be shown to any third without the prior written without written authorization of Jones informationReproduction contained herein is part fromofsources deemedisreliable; however, representation or warranty is made asIttoisthe thereof. Visit us party at www.jll.ca authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof. Visit us at www.jll.ca *Sales Representative / *Broker *Sales Representative / *Broker
ETOBICOKE STREET-FRONT INVESTMENT OPPORTUNITY An excellent opportunity to acquire a newly renovated, fully tenanted street-front asset in the transforming neighbourhood of Long Branch along Lake Shore Boulevard West. The asset is located minutes from the western terminus of two TTC streetcar lines and the Long Branch GO Station.
Visit www.jll.ca Visit www.jll.ca
Key Highlights
Location
Fully leased retail and residential asset
Recently renovated property
30 feet of frontage on Lake Shore Boulevard West
Gentrifying neighbourhood with convenient access to Long Branch GO, TTC, and MiWay transit terminal
Property Details
Frontage:
30 FT
Depth:
120 FT
Site Area:
3,600 SF
Building Area:
3,060 SF
Parking:
Four (4) Spaces
Official Plan:
Mixed Use Area
Net Operating Income:
$67,000 per annum
The asset is located on the south side of Lake Shore Blvd. W., east of the Long Branch GO Station. This stretch of Lake Shore Blvd. W. is undergoing a period of transition from a lowdensity industrial-commercial corridor to a higher-density mixed-use node. The Long Branch loop to the west of the Property serves as a local transit hub and along with the Long Branch GO Station, connects the neighbourhood to Downtown Toronto. As gentrification in the area continues, Long Branch is likely to see an influx of young professionals looking for living spaces accessible to the Downtown Core.
Tenancy Details The ground floor retail space is currently leased to Home & Condo Market Brokerage, a well-established local residential brokerage with a lease expiring in October 2020. The second floor and lower level consist of four fully leased apartment units.
Listing Agent:
Offering Guidelines
Elliot Medoff*
The Property is offered for sale at a price of $1,650,000 and will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to Offers with limited conditionality and timely closing. Offers should be submitted to the attention of Elliot Medoff at 22 Adelaide Street West, Suite 2600, Toronto, ON, M5H 4E3.
Vice President JLL Capital Markets Group +1 416 238 9768
[email protected]
© 2016 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purposes of evaluating this proposal. All such documentation © 2016 Jones Lang LaSalle Inc. Allofrights The information in this document is proprietary to Jones LaSalle and shall beonly used solely for the purposesforofitsevaluating thisIt proposal. Allshown such documentation and information and information remains the IP, property Jonesreserved. Lang LaSalle and shall becontained kept confidential. Reproduction of any part of this Lang document is authorized to the extent necessary evaluation. is not to be to any third party remainsthe theprior property of Jones Lang LaSalle andLang shallLaSalle. be keptAll confidential. of any this document authorized only tonothe extent necessary for its evaluation. notaccuracy to be shown to any third without the prior written without written authorization of Jones informationReproduction contained herein is part fromofsources deemedisreliable; however, representation or warranty is made asIttoisthe thereof. Visit us party at www.jll.ca authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof. Visit us at www.jll.ca *Sales Representative / *Broker *Sales Representative / *Broker
