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YONGE 382 STREET FOR SALE & FOR LEASE CONDOMINIUM RETAIL ASSET WORLD CLASS CONDOMINIUM RETAIL AT AURA NW CORNER OF YONGE & GERRARD, TORONTO – 4th Floor THE OFFERING Cushman and Wakefield is pleased to offer for sale on behalf of the Vendor, Toronto Standard Condominium Corporation No. 2421 & 2446, the sale and lease opportunity for the 4th Floor Retail, within the Podium at Aura Condos, located at 382 Yonge Street, Toronto. The Property provides the investor, user or tenant with an opportunity to acquire and/or occupy a vacant 40,000 SF existing retail unit, intended for fitness / wellness, in one of the country’s most densely populated and rapidly growing urban areas. SALIENT DETAILS: Size: 40,000 SF with 19 ft ceilings and windows Unit Details - 4th Floor: Unit 1, Level 2 of Toronto Standard Condominium Plan No. 2421. Purchase Price: $22,000,000.00 Lease Price: Contact Listing Agents Additional Rent: $10.50 / SF (est. 2020) Occupancy: Vacant OPPORTUNITY HIGHLIGHTS: • 4th Floor Fitness Facility with exceptional 19 ft Floor to Ceiling Windows • 100% vacant, with opportunities to demise & reconfigure for either a purchaser or leasee • Located at the corner of Yonge and Gerrard PERMITTED USES & • Situated at the base of Aura, the tallest residential building in Canada, at 79 Stories COVENANTS : with over 1,000 Units. Residences has private elevator banks. • This 4th floor unit is located in the same retail podium and shares the same • The unit is intended for use as a health and fitness center and related facilities. For elevator bank as Marshalls (3rd floor), Bed Bath and Beyond (2nd Floor), RBC, example, a fitness center(s), spa(s), massage/physical therapy clinic(s), or health food BMO, Red Tavern and Scadabush Restaurant (Ground Floor). and beverages store(s) are permitted by the condominium declaration • The unit can be demised for multiple tenancies • Other uses may be possible, subject to amendments to the declaration and by - laws. LOCATION: • The Vendor requests the option for a sale / leaseback of 10,000 SF for a private condominium gym 382 Yonge Street is centrally located in Downtown Yonge, the heart of Toronto’s urban retail, residential and tourist node. Situated at the podium of Canada’s tallest residential building, 382 Yonge Street is surrounded by unsurpassed population density in a street constantly undergoing further intensification. Not only does this band of Downtown Yonge capture the highest population density in Canada, it also defines the country’s flagship retail epicenter, featuring some of the best brands in the world. H&M, Adidas, Samsung, Nordstrom, Muji, Uniqlo and Urban Outfitters all show case flagship positions along Downtown Yonge, energized amongst Canadas busiest intersection and the city of Toronto’s focal point: Yonge & Dundas Square. 382 Yonge Street joins this excitement, anchored itself by flagship locations for Marshalls & Bed Bath & Beyond, and steps from the main hubs for Ryerson University and the Toronto Eaton Centre. AREA DEVELOPMENTS & WELLESLEY ST E DEMOGRAPHICS 46 45 14 15 62 59 53 COLLEGE ST CARLTON ST * * * THE AURA AT TOTAL POPULATION DAYTIME POPULATION TOTAL HOUSEHOLDS 63 COLLEGE PARK 56,063 197,964 33,215 1 61 382 56 *1 km Radius 32 YONGE ST 55 31 33 GERRARD ST W GERRARD ST E RETAIL LANDSCAPE (1 km RADIUS) 41 6 38 CHURCH ST YONGE ST YONGE JARVIS ST SHERBOURNE ST ST GEORGE ST 42 47 • RESTAURANT - 229 (51.7%) • CLOTHING RETAILERS - 298 (22.1%) • COFFEE SHOPS - 72 (16.3%) • BANKS - 33 (7.4%) • GROCERY STORES - 11 (2.5%) McCAUL ST UNIVERSITY AVE BAY ST 30 40 10 39 51 5 DUNDAS ST W 23 22 50 49 8 DUNDAS ST E 60 54 UNIVERSITY AVE UNIVERSITY 9 18 13 29 43 2 12 11 58 57 44 SHUTER ST E 48 7 ACTIVE CONDO DEVELOPMENTS PROPOSED CONDO DEVELOPMENTS EXISTING CONDO DEVELOPMENTS DEVELOPMENT ADDRESS TOTAL TOTAL TOTAL SUITES DEVELOPMENT ADDRESS SUITES DEVELOPMENT ADDRESS SUITES 1 Jac Condos 308 Jarvis St 489 18 Church / Dundas 244 Church St 648 48 88 North 77 Shuter St 407 199 Church 199 Church St 19 Church / Queen 139-149 Church St 479 49/ 200 Dundas St E 52 2 484 Dundas Square Gardens 1,003 20/ 131-135 Church St, 50 251 Jarvis St 19 3 3 88 Queen 88 Queen St E 575 Church / Queen 445 21 60-64 Queen St E The Residences of 4 The Saint 89 Church St 419 51 488 University Ave 448 22/ 212, 218 Dundas St E, 488 University Avenue 5 The United Bldg 88 Centre Ave 572 Dundas / George 588 23 279 1/2 George St 52 Massey Tower 197 Yonge St 697 20 6 YSL Residences 373 Yonge St 1,106 37 36 24/ Former Eastside 213A-215 Queen St E & 53 YC Condos 7 Grenville St 634 7 Garden District Condos 81 Shuter St 234 29 25 Lofts site 38 Britain St 54 Grid Condos 181 Dundas St E 563 21 8 In.DE 219 Dundas St E 222 26/ Former Kormann 229 Queen St E & 55 Alter QUEEN89 McGill ST St W 337 QUEEN ST E 57 Social At Church + 27 House site 134 Sherbourne St 56 365 Church 365 Church St 387 64 34 28 24 26 9 Dundas Dalhousie St 602 28 George / Queen 193-195 Queen St E 13 57 O2 Maisonettes on George 220 George St 53 10 Panda 20 Edward St 555 27 29 Jarvis / Dundas 225 Jarvis St 541 58 Core Condominiums 68 Shuter St 221 25 11 Fleur 60 Shuter St 321 30 Jarvis / Gerrard 295 Jarvis St 351 59 Karma 15 Grenville St 495 12 Ivy Condos 69 Mutual St 253 31/ 280-290 Jarvis St, 60 Pace 159 Dundas St E 387 35 13 Max Condos 81 Mutual St 363 61 Aura at College Park 386-388 Yonge St 994 32/ Jarvis / Gerrard 191-193 Mutual St, 295 RICHMOND ST W RICHMOND ST E 14/ Teahouse - North Tower 501 Yonge St 243 33 102-110 Gerrard St E 62 Burano Condominiums 832 Bay St 486 15 South Tower 501 Yonge St 589 34/ 131 Queen St E & 63 Lumiere 770 Bay St 355 Jarvis / Queen 440 16 16/ 23 Richmond St E / 35 128 Richmond St E 64 The Glasshouse Lofts 127 Queen St E 84 Yonge + Rich 673 36/ 90-104 Queen St E, TOTAL: 6,548 17 20 Lombard St Mutual / Queen 364 17 TOTAL: 6,594 37 3 Mutual St 38 Prime 319-323 Jarvis St 579 39 Yonge / Gould 335 Yonge St 165 40 Bay / Elm 100 Edward St 527 4 41/ Chelsea Green/ 33 Gerrard St W & 1,667 42 (Delta Chelsea) 22 Elm St 43/ 483-491 Bay St, Trinity Square 590 44 20 Albert St 45/ 510-528 Yonge St, Yonge / Breadalbane 481 ADELAIDE ST W ADELAIDE ST E 46 7 Breadalbane St 47 Yonge / Elm 8 Elm St 657 TOTAL: 8,916 RETAIL LANDSCAPE COLLEGE STREET WEST COLLEGE STREET EAST YONGE STREET 382 STREET YONGE GERRARD STREET WEST GERRARD STREET EAST ELM STREET GOULD STREET DUNDAS STREET WEST DUNDAS STREET EAST Dundas Square YONGE STREET STREET YONGE DAYTIME POPULATION EMPLOYMENT 201,684 62% 3km radius 3km radius QUEEN STREET WEST QUEEN STREET EAST HOUSEOLD SPENDING MEDIAN AGE $102,817 35 YEARS 3km radius 3km radius RICHMOND STREET WEST RICHMOND STREET EAST PHILIP TRAIKOS* Senior Vice President 416 359 2455 [email protected] MICHAEL BETEL* Associate Vice President 416 359 2706 [email protected] *Sales Representative ©2021 Cushman & Wakefield ULC, Brokerage. All rights reserved. The information contained in this communication is strictly confidential. This information has been obtained from sources believed to be reliable but has not been verified. No warranty or representation, express or implied, is made as to the condition of the property (or properties) referenced herein or as to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). Any projections, opinions or estimates are subject to uncertainty and do not signify current or future property performance..
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