Value-Add Retail Investment Opportunity 636-646 DANFORTH ROAD TORONTO, ONTARIO KENNEDY STATION BIRCHMOUNT ROAD BIRCHMOUNT KENNEDY ROAD KENNEDY MIDLAND AVENUE St. Clair Avenue East
Kennedy Road Danforth Road
SCARBOROUGH WARDEN GO STATION
ROAD TH R
DANFO
KINGSTON ROAD
BLUFFER’S PARK AND MARINA VICTORIA PARK STATION
LAKE ONTARIO KENNEDY STATION INVESTMENT HIGHLIGHTS
Ø Value-add retail investment property Ø Opportunity to increase commercial rents when rents roll BIRCHMOUNT ROAD BIRCHMOUNT
KENNEDY ROAD KENNEDY Ø Rental apartment units at below market rent MIDLAND AVENUE St. Clair Avenue East Ø Located in developing residential community Ø Less than 500 meters to Scarborough GO Transit Station Ø No near term capital improvements required Ø ESA Peer Evaluation indicates no need for ESA Phase II (2012)
Kennedy Road Danforth Road OFFERING DETAILS
SCARBOROUGH WARDEN GO COMMERCIAL GLA 5,170 SF (Ground Floor) STATION ROAD RENTAL APARTMENTS 8 Units (4 Bachelors and 4 1-Bedrooms) TH R SITE SIZE 21,000 SF or 0.48 acres DANFO YEAR BUILT 1960
ZONING CR 0.4 (C0.4; r0.2) SS3 (x455)
PARKING 47 spaces
FRONTAGE 327 feet (St. Clair Avenue East & Danforth Avenue) KINGSTON ROAD ACCESS 3 access points
BLUFFER’S PARK AND MARINA COMMERCIAL TENANTS Mr. Sub (1,300 SF) Expires Aug 2020 VICTORIA PARK Restaurant (780 SF) Expires Jun 2022 STATION Hicorp Holdings (3,090 SF) Expires Dec 2020
NET OPERATING INCOME $165,000 (2019)
ASKING PRICE $2,999,000 or (5.5% cap rate) LAKE ONTARIO FOR MORE INFORMATION
Access to the data room with further property information is available to qualified buyers upon executing a Confidentiality Agreement.
To receive the Confidentiality Agreement, please contact the Listing Agents, David Williams at (416) 643-3753 or by email at [email protected] or Rob Walkowiak at (416) 791-7245 or email [email protected].
Please contact the Listing Agents for details related to submitting an offer.
DAVID WILLIAMS* ROB WALKOWIAK Senior Vice President Sales Representative +1 416 643 3753 +1 416 791 7245 [email protected] [email protected]
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