FOR SALE - JLL Property
FOR SALE 1980-1982 Eglinton Ave. W., Toronto
EGLINTON WEST STREETFRONT OPPORTUNITY An excellent opportunity for an investor or user-owner, to acquire a mixed-use asset with 50 feet of frontage along Eglinton Avenue West. The Property is strategically located two blocks away from the planned Fairbank Crosstown Station to be completed in 2021. The ground floor consists of two newly renovated retail units, while the second floor is made up of six brand new apartments. The node is supported by a large residential base, along with a wide variety of both local and national tenants. Visit www.jll.ca
Visit www.jll.ca
Key Highlights
Eglinton Crosstown
50 feet of frontage on Eglinton Avenue West
Situated two blocks from planned Fairbank TTC Crosstown station
Four parking spaces available at rear
Significant value-add opportunity through the repositioning of the ground floor retail spaces
Property Details
Frontage:
50 FT
Depth:
115 FT
Retail Area:
4,328 SF
Apartment Area:
4,220 SF
Total Building Area:
8,548 SF
Zoning:
CR 2.5 (C2.5; R2.5)
Parking:
Four (4) Spaces
Official Plan:
Mixed Use Area
Listing Agent: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
The new Eglinton Crosstown subway, with entrances at the southeast and northwest corner of Dufferin and Eglinton, is expected to open in 2021. The Toronto region is in the midst of a “transit renaissance” and access to the TTC subway system will attract more Torontonians to the neighbourhoods along Eglinton. The subject property will be located directly between the Fairbank and Caledonia Stations once constructed and will experience increased rental rates, as a result of the significant growth in the area.
Building Description
The building is a two storey structure with two retail units at grade, a finished basement at 1980 Eglinton, and six residential units on the second floor. The two retail units are currently vacant, and can be repositioned into a larger format retail or owner/occupier space. The second floor apartments consist of four one-bedroom, and two two-bedroom units. Two of the apartment units are currently vacant allowing the successful purchaser to capitalize on current market rental rates.
Offering Guidelines
The Property is offered for sale at a price of $3,000,000 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.
© 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
EGLINTON WEST STREETFRONT OPPORTUNITY An excellent opportunity for an investor or user-owner, to acquire a mixed-use asset with 50 feet of frontage along Eglinton Avenue West. The Property is strategically located two blocks away from the planned Fairbank Crosstown Station to be completed in 2021. The ground floor consists of two newly renovated retail units, while the second floor is made up of six brand new apartments. The node is supported by a large residential base, along with a wide variety of both local and national tenants. Visit www.jll.ca
Visit www.jll.ca
Key Highlights
Eglinton Crosstown
50 feet of frontage on Eglinton Avenue West
Situated two blocks from planned Fairbank TTC Crosstown station
Four parking spaces available at rear
Significant value-add opportunity through the repositioning of the ground floor retail spaces
Property Details
Frontage:
50 FT
Depth:
115 FT
Retail Area:
4,328 SF
Apartment Area:
4,220 SF
Total Building Area:
8,548 SF
Zoning:
CR 2.5 (C2.5; R2.5)
Parking:
Four (4) Spaces
Official Plan:
Mixed Use Area
Listing Agent: Elliot Medoff* Vice President JLL Capital Markets Group +1 416 238 9768 [email protected]
The new Eglinton Crosstown subway, with entrances at the southeast and northwest corner of Dufferin and Eglinton, is expected to open in 2021. The Toronto region is in the midst of a “transit renaissance” and access to the TTC subway system will attract more Torontonians to the neighbourhoods along Eglinton. The subject property will be located directly between the Fairbank and Caledonia Stations once constructed and will experience increased rental rates, as a result of the significant growth in the area.
Building Description
The building is a two storey structure with two retail units at grade, a finished basement at 1980 Eglinton, and six residential units on the second floor. The two retail units are currently vacant, and can be repositioned into a larger format retail or owner/occupier space. The second floor apartments consist of four one-bedroom, and two two-bedroom units. Two of the apartment units are currently vacant allowing the successful purchaser to capitalize on current market rental rates.
Offering Guidelines
The Property is offered for sale at a price of $3,000,000 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.
© 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
