453, 481 and 491 Eglinton Avenue West
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453, 481 and 491 Eglinton Avenue West
3 Properties Offered at $11,470,085 USD in Toronto, ON
Investment Highlights
- Transit-Oriented Location Occupying Two Prominent Corners of a Block
- Prime Location in One of Toronto’s Most Affluent Neighbourhoods
- Two development applications in the immediate area include a 19-storey residential building at 444-446 Eglinton Avenue West and a 10-storey residentia
- Strong Mix of Essential Service Tenants & Diverse Uses Represent Stable Income Profile
- In-Place Rents Present Mark-to-Market Opportunity & 84% Occupancy Provides Value-Add Leasing Upside
- Active condominium developments have achieved 76% in sales at an average price of $1,429 psf.
Executive Summary
TD Cornerstone Commercial Realty Inc. (the “Advisor”) is pleased to offer for sale a 100% freehold interest in 453, 481 and 491
Eglinton Avenue West in Toronto (collectively, the “Property”, “Site” or “Offering”). The Offering represents a rare opportunity to
acquire almost a full city block of income producing assets with future development potential.
Located on Eglinton Avenue West between the Chaplin and Avenue LRT Stations, the Offering provides prospective purchasers
the opportunity to acquire three transit oriented assets in the prominent Forest Hill neighborhood. The individual properties
combine to offer stable cash flow and a diverse mix of uses which include streetfront retail, medical office, traditional office, and
residential apartments. Revenue upside exists through rental mark to market on lease renewal and the lease up of vacant units.
With over 200 feet of expansive frontage along Eglinton Avenue West and 100 feet of depth, the Offering is bound by three
municipal streets and a laneway which provides an optimal site for future residential redevelopment or intensification, subject to
various development options should the mid-block assembly be completed. Precedent condominium launches in the node have
achieved sales upwards of ~$1,500 psf which support development economics while contractual leases provide strong interim
holding income during predevelopment.
The Advisor is seeking expressions of interest from qualified parties. While offers on the collective assembly are preferred, individual
parcel sales will be considered. Further information regarding the Offering can be found within the Confidential Information
Memorandum (“CIM”), in the electronic data room, on property tours or by contacting a member of the Advisory team.
Eglinton Avenue West in Toronto (collectively, the “Property”, “Site” or “Offering”). The Offering represents a rare opportunity to
acquire almost a full city block of income producing assets with future development potential.
Located on Eglinton Avenue West between the Chaplin and Avenue LRT Stations, the Offering provides prospective purchasers
the opportunity to acquire three transit oriented assets in the prominent Forest Hill neighborhood. The individual properties
combine to offer stable cash flow and a diverse mix of uses which include streetfront retail, medical office, traditional office, and
residential apartments. Revenue upside exists through rental mark to market on lease renewal and the lease up of vacant units.
With over 200 feet of expansive frontage along Eglinton Avenue West and 100 feet of depth, the Offering is bound by three
municipal streets and a laneway which provides an optimal site for future residential redevelopment or intensification, subject to
various development options should the mid-block assembly be completed. Precedent condominium launches in the node have
achieved sales upwards of ~$1,500 psf which support development economics while contractual leases provide strong interim
holding income during predevelopment.
The Advisor is seeking expressions of interest from qualified parties. While offers on the collective assembly are preferred, individual
parcel sales will be considered. Further information regarding the Offering can be found within the Confidential Information
Memorandum (“CIM”), in the electronic data room, on property tours or by contacting a member of the Advisory team.
Property Facts
Price | $11,470,085 USD | Number of Properties | 3 |
Price / SF | $198.70 USD / SF | Individually For Sale | 0 |
Sale Conditions | Redevelopment Project | Total Building Size | 57,726 SF |
Sale Type | Investment | Total Land Area | 0.36 AC |
Status | Active |
Price | $11,470,085 USD |
Price / SF | $198.70 USD / SF |
Sale Conditions | Redevelopment Project |
Sale Type | Investment |
Status | Active |
Number of Properties | 3 |
Individually For Sale | 0 |
Total Building Size | 57,726 SF |
Total Land Area | 0.36 AC |
Properties
Property Name / Address | Property Type | Size | Year Built | Individual Price |
---|---|---|---|---|
Forest Hill Medical & Professional Building
491 Eglinton Av W, Toronto, ON M5N 1A7 |
Office | 39,232 SF | 1949 | - |
453 Eglinton Av W, Toronto, ON M5N 1A7 | Retail | 7,489 SF | 1946 | - |
473-481 Eglinton Ave W, Toronto, ON M5N 1A7 | Retail | 11,005 SF | 1933 | - |
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453, 481 and 491 Eglinton Avenue West
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