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170-176 OSSINGTON AVENUE PROPERTY OVERVIEW Metropolitan Commercial Realty Is Pleased to Offer for Sale the 100% Freehold Interest in 170-176 Ossington Avenue

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170-176 OSSINGTON AVENUE PROPERTY OVERVIEW Metropolitan Commercial Realty Is Pleased to Offer for Sale the 100% Freehold Interest in 170-176 Ossington Avenue DRONE VIDEO LINK FOR SALE | VALUE-ADD OPPORTUNITY 170-176 OSSINGTON AVENUE PROPERTY OVERVIEW Metropolitan Commercial Realty is pleased to offer for sale the 100% freehold interest in 170-176 Ossington Avenue. The subject property is centrally located along the west side of one of Toronto’s hottest retail destinations - Ossington Avenue. The street is located just outside of Toronto's downtown core, with its main retail strip bordered by Dundas Street West to the north and Queen Street West to the south. A mixture of small local businesses and larger retail chains populate the street - everything from artisanal craft shops and clothing retailers to top restaurants and bars. Since 2016, the street has been populating with international and first-to-market concept brick & mortar retail stores, including Tigers of Sweden, Reigning Champ and Ride Cycle Club. The subject site is comprised of four municipal addresses; 170, 172, 174 and 176 Ossington Avenue. The properties are improved with four 2-storey mixed-use buildings with approximately 16,000 SF above grade plus full basements. Home Hardware currently occupies the at-grade and basement commercial space; as well as, the second floor of 172 and 174 Ossington Avenue. The second level 170 Ossington Avenue is comprised of two 2-bedroom residential apartments and 176 Ossington Avenue is comprised of one 2-bedroom and one 3-bedroom apartment. There is on-site parking at the rear of the property. The commercial units are owner-occupied and can be provided as vacant possession on closing or a short term sale leaseback may be negotiated. 170-176 OSSINGTON AVENUE 170-176 OSSINGTON PROPERTY DETAILS PROPERTY 1 DRONE VIDEO LINK 170-176 OSSINGTON AVENUE 170-176 OSSINGTON AREA OVERVIEW Average Projected 5-Year Household Income* Total Population* Population Growth* $102,323 275,328 +7.24% 2 *Source: CoStar 2018 3-kilometer radius OFFERING PROCESS Metropolitan Commercial Realty has been retained by the Vendors as their exclusive representative for the disposition of 170-176 Ossington Avenue, Toronto, Ontario. The Vendors’ objective is to maximize value of the Properties and offers to purchase the Properties will be dealt with as they are received. PROPERTY INSPECTIONS Given the Vendors’ requirement to minimize disturbance to the ongoing business currently operating on the premises, property tours must be arranged with a minimum 48-hour advance notice and must occur outside of regular business hours. A designated representative of Metropolitan Commercial Realty will be present at all times. At no time are prospective Purchasers permitted to go directly to the Property and/or speak to any of the staff. CONFIDENTIALITY Interested Purchasers will be required to execute the Vendors’ form of Confidentiality Agreement (“CA”) prior to receiving the Confidential Information Memorandum (“CIM”). All inquiries regarding the subject Properties or request for further information should be directed to: Amir Nourbakhsh Jesse Roth 647.262.4757 647.289.0244 [email protected] [email protected] AVENUE 170-176 OSSINGTON OFFERING PROCESS ASKING PRICE 13,990,000.00 3 METROPOLITAN COMMERCIAL REALTY MING ZEE AMIR NOURBAKHSH JESSE ROTH 626 King St West | Suite 302 President Managing Director Senior Associate Toronto, ON | M5V1M7 Broker of Record Sales Representative Sales Representative 416.703.6621 416.523.1368 647.262.4757 647.289.0244 www.metcomrealty.com [email protected] [email protected] [email protected] The information contained herein has been gathered from sources deemed reliable. However, Metropolitan Commercial Realty Inc., Brokerage, its agents, or employees make no representations or warranties on the accuracy of said information. Prospective purchasers and their agents are advised to independently verify any information provided herein. Metropolitan Commercial Realty Inc., Brokerage.
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