1728-1730 AVENUE ROAD | BEDFORD PARK (Avenue Road North of Lawrence and South of Wilson Avenue)

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1728-1730 AVENUE ROAD | BEDFORD PARK (Avenue Road North of Lawrence and South of Wilson Avenue) EXCLUSIVE INVESTMENT OFFERING | FOR SALE STOREFRONT RETAIL WITH FUTURE REDEVELOPMENT POTENTIAL TO RESIDENTIAL 1728-1730 AVENUE ROAD | BEDFORD PARK (Avenue Road north of Lawrence and south of Wilson Avenue) Property Features 24.28 ft CR3.0 (C2.0; R2.8) Fully Leased LINEAR FRONT FEET ZONING IN PLACE GROUND FLOOR RETAIL / 2 ND FLOOR RESIDENTIAL 115 ft 5 1,500 sq. ft. PROPERTY DEPTH SURFACE PARKING STALLS MAIN FLOOR RETAIL AREA 3,064 sq. ft. 2 + 2 1,580 sq. ft. SITE AREA RETAIL UNITS + APARTMENT UNITS SECOND FLOOR RESIDENTIAL AREA 1728-1730 Avenue Road is a fully leased, commercial, mixed- use property. The street level is currently sub-divided and leased to two service-related retail tenants and featuring two second floor resident apartment units (1 One-Bedroom and 1 Two-Bedroom) with 5 surface parking stalls situated at the rear of the property. Victoria L. Joly, Broker of Record Distinctive Real Estate Advisors Inc, Brokerage Mobile: (416) 500-1238 EXCLUSIVE INVESTMENT OFFERING 1728-1730 AVENUE ROAD | BEDFORD PARK Property Configuration Estimates of Building Areas Sq. Ft. Frontage (Linear Feet) 24.3 Depth (Linear Feet) 115.0 Site Area 2,793.35 Coverage 57% Building Footprint (Square Feet) 1,579 (Multiply by 2 Storeys) 3,158 Gross up Factor 98% Net Rentable Area (Square Feet) 3,080 Second Floor Rear 880 Second Floor Front 700 Cleaners 750 Tony's Barber 750 Future Development Plans Based on a recent study completed by the City of Toronto planning staff, there are nine larger “opportunity” sites within the neighbourhood that were proposed to accommodate 7-storey, mid-rise residential mixed use developments. In the longer-term, the retail block of 1706-1736 Avenue Road could make a great development site, similar to the low-rise condominium located on the other side of Avenue Road. A potential parcel assembly over the next 10 years could be an incredible opportunity for an investor. The low-rise residential condominium with ground floor retail combination would work well for the area, keeping retail along the street, while adding density. 30,000 Vehicles/Day Pass By 1728-1730 Avenue Road is conveniently located on a main arterial road, connecting commuters to downtown, and making it an ideal retail location offering high visibility to both pedestrian and vehicular traffic. Averaged on an annual basis over a 24-hour period, the weekday traffic volume for this location is 30,235 cars. There is a traffic light at Fairlawn which allows pedestrians to conveniently access this block of retail. A Starbucks coffee at the corner of St. Germain and Avenue Road consistently draws people to this block. Page | 2 COMMERCIAL REAL ESTATE PROPERTY FOR SALE STOREFRONT RETAIL | SECOND FLOOR RESIDENTIAL One of Canada’s Wealthiest Residential Neighbourhoods The property is situated in the heart of Bedford Park, a Toronto suburb bordered by Lawrence Park (to the southeast), consistently ranked as one of Canada's wealthiest neighbourhoods over the past ten years. The median family income of the neighbourhood is $178,300, c ompared to the city’s average of $82,859, with the median age of the residents in this area being 41.5 years. The property has a “very walkable” score of 78 out of 100, given easy distance to transit and parks. It is a complementary re tailer to surrounding restaurants, entertainment, fashionable shops, banks, schools, grocery stores, pubs, along with a vibrant nightlife. Neighbourhood Attracting New Residential Development The stretch of Avenue Road between Lawrence Avenue West and Wilson Avenue, serves as the main commercial street for Toronto’s Bedford Park, Ledbury Park, Nortown, and Cricket Club neighbourhoods. Historically lined with one and two-storey retail and commercial properties, the buil form on this stretch of Avenue Road has been gradually changing for the past few years, as mid-rise development become the emerging standard in the area. Tribute | 1717 Avenue Road | Completed in 2011 | 6 Storeys, 80 Units Empire Maven | 1700 Avenue Road | Under Construction | 7 Storeys, 57 Units Area affinity for High-End Products & Services Avenue Road is lined with low-rise street-front retail shops, boutiques, restaurants, and is surrounded by residential housing. Directly across the street from 1728-1730 Avenue Road is a low-rise residential condominium development that was completed in 2011. The proximity of the residential dwellings to this retail location is an opportunity commanding for a high price for a retail tenancy. Other retailers in the area including Starbucks and Pusateri’s, indicate the area’s affinity for high-end products and services. Page | 3 EXCLUSIVE INVESTMENT OFFERING 1728-1730 AVENUE ROAD | BEDFORD PARK Neighbourhood at a Glance Contact Us for more Information We would be pleased to provide you with additional property and financial information in support of your review and consideration of this exceptional mixed-use investment opportunity. Distinctive Real Estate Advisors Inc., Brokerage The Exchange Tower, 130 King Street West, Suite 1842, Victoria L. Joly, Broker of Record Toronto, Ontario M5X 1E3 Mobile: 416.500.1238 Office: (416) 925-3140 | Fax: (416) 925-3149 [email protected] www.distinctiveadvisors.com All marketing materials related to 1728 and 1730 Avenue Road, North York, Ontario, M5M 3Y6 (the “Property”) is for the exclus ive use of the reader and is confidential and private. Distribution is Restricted. It may not be reproduced, copied or replicated in any form without the express and written authorization of the Company. Neither the registered owner, seller nor the listing brokerage make any representations, declarations or warranties, expressed or implied, as to the accuracy or completeness of the information or statements contained herein or otherwise and such information or statements should not be relied upon by p rospective buyers without independent investigation and verification. Interested parties should not con strue this information as legal or tax advice. Legal counsel, accountants or other advisors should be consulted, if desired, on matters related to this presentation. Copyright © 2020 Distinctive Advisors Inc., All rights reserved. Page | 4 .
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