Rare opportunity - exceptionally situated with high visibility in a high regentrification area. Redevelopment property with current rental income from a Triple A tenant. Corner location between O'Connor Dr and Danforth Ave, with 179.4 feet of frontage on Woodbine Ave. Approximately 1 km from TTC subway stop. Bousfields planning report suggests a redevelopment of 12-15 storeys. Kirkor massing study also available. 22,000 sqft of land currently improved with a free-standing building of 4,810 sqft, entirely leased (triple net, tenant pays all maintenance and repairs) to THE BEER STORE until 2032, with escalations, and three 5 year extension options. Lease includes provisions for Landlord right to terminate lease at any time, and allowance to build an additional building on site of up to 3,000 sqft. ***assumable mortgage of approximately $3 million @ 3.5%, until 2027.
Property Features
- Date Listed: Tuesday, September 17, 2024
- City: Toronto
- Neighborhood: Danforth Village-East York
- Major Intersection: Woodbine Ave & O'Connor Dr
- Full Address: 1270 Woodbine Avenue, Toronto, M4C 4E6, Canada, Ontario, Canada
- Listing Brokerage: Micor Realty Corp. - Disclaimer: The information contained in this listing has not been verified by Micor Realty Corp. and should be verified by the buyer.
