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29 Fraser Ave

18,305 SF 100% Leased Flex Building Toronto, ON M6K 1Y7 $10,347,830 USD ($565 USD/SF) 3.34% Cap Rate

Investment Highlights

  • Three-storey 18,305 square foot brick masonry and steel truss roof building
  • e building is currently demised into one 11,238 SF unit on the ground floor which is currently leased to Joe Rockhead’s Indoor Climbing Gym – Canada’s
  • The site is comprised of 12,497 square feet of land with approximately 70’ feet of frontage along Fraser Avenue

Executive Summary

Built at the turn of the century, 29 Fraser Avenue is an architecturally stunning three-storey 18,305 square foot brick masonry and steel truss roof building strategically located in the heart of Liberty Village, one of Toronto’s most dense and rapidly growing neighbourhoods. Over 6,900 new commercial and residential units are in various stages of development within a 1 kilometer radius. The property is very well serviced by public transit. The existing Exhibition Go Station is 400 meters to the south and the future Ontario Line subway station will be a short walk southeast. Upon completion, the Ontario Line will run from Exhibition Place, through the heart of downtown, and end at the Ontario Science Centre.
The site is comprised of 12,497 square feet of land with approximately 70’ feet of frontage along Fraser Avenue, just south of Liberty Street. The building contains unique and attractive physical attributes, including soaring ceiling heights on the ground floor and brick masonry detailing. The building is currently demised into one 11,238 SF unit on the ground floor which is currently leased to Joe Rockhead’s Indoor Climbing Gym – Canada’s first indoor rock climbing gym – and 6 office units on the second and third floors of the building with a diverse mix of general office uses. The office units range in size from 1,122 SF to 1,282 SF and feature bright, open concept units with hardwood floors, skylights, and private washrooms.
There are three surface parking spaces accessed off of Pardee Avenue, as well as three boulevard parking spaces on the west side of the property fronting Fraser Avenue.
From end-users to value add investors, 29 Fraser Avenue is well-positioned for a variety of different types of purchasers as there are short-term leases in-place and landlord termination rights. The subject property presents

Attachments

BL 29 Fraser Ave

Property Facts

Price $10,347,830 USD
Price Per SF $565 USD
Sale Type Investment
Cap Rate 3.34%
Property Type Flex
Building Class C
Lot Size 0.29 AC
Rentable Building Area 18,305 SF
No. Stories 3
Year Built 1960
Parking Ratio 0.38/1,000 SF
No. Dock-High Doors/Loading 2

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Rider's Paradise (92)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code I3 D7 (Site-Specific)
I3 D7 (Site-Specific)
  • Listing ID: 25931546

  • Date on Market: 6/14/2022

  • Last Updated:

  • Address: 29 Fraser Ave, Toronto, ON M6K 1Y7

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