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2878/80 & 2882 Lake Shore Blvd. W

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2878/80 & 2882 Lake Shore Blvd. W FOR SALE/FOR LEASE 2878/80 & 2882 LAKE SHORE BLVD. W. toronto, on 2878/80 LAKE SHORE BOULEVARD W 2882 LAKE SHORE BOULEVARD W FIFTH STREET LAKE SHORE BOULEVARD WEST ISLINGTON AVENUE ALL OUTLINES ARE APPROXIMATE N 2878/80 & 2882 LAKE SHORE BLVD. W. FOR SALE/FOR LEASE TORONTO, ON THE OFFERING CBRE is pleased to offer for sale/for lease 2878/80 & 2882 Lake Shore Boulevard W. The opportunity is positioned at center ice in the up and coming New Toronto neighbourhood and boasts prominent frontage along with outstanding exposure. The combined lot area is 6,480 sq. ft. with an improved combined gross floor area of 11,500 sq. ft. Mixed 2882 LAKE SHORE 2878/80 LAKE SHORE BOULEVARD W BOULEVARD W Commercial Residential zoning allows for a wide range of potential uses. The buildings are in immaculate condition with the main floor commercial component’s being some of the best maintained in the immediate area. Each building has oversized clear height on the main floor, loading doors FIFTH STREET accessible from the laneway and built in freight elevators for convenient basement storage. KEY FEATURES Commercial & Residential Uses Permitted LAKE SHORE BOULEVARD WEST Prominent Visibility & Exposure Holding Income N 4 MIN DRIVE 2878/80 & 2882 SITE PLAN APPROVED LAKE SHORE BLVD. W. 4 MIN DRIVE TORONTO, ON Mimico 19 Residential GO Station Stacked Townhomes 6 MIN DRIVE Humber Bay MIMICO Shores Area Mimico PROPERTY LOCATION Cruising Club Located mid-block on the north side of Lake Shore Boulevard W., between Fifth Street and Sixth Street, the property is easily identifiable DWIGHT AVENUE by its curb presence. With a combined property frontage of 72 ICI LAND TRANSACTION feet, the property portrays a landmark feel for the surrounding CAMPBELL’S MANUFACTURING FACILITY neighbourhood. Alex Faulkner Lane at the property rear provides NEW TORONTO easy access for shipping and receiving. There is an abundance of public and street parking available within proximity, most notably the Green P adjacent to the north. Land Area: 18.9 ac. Price: $45,600,000 NEIGHBOURHOOD OVERVIEW Sale Date Dec 14. 2018 Situated with Lake Ontario visible by eyesight to the south, the up and coming New Toronto node has recently been experiencing SUBJECT population growth enhancing businesses within the vicinity. Truly SITES unique within the city, transit, leisure, education, employment, shopping, restaurants and transit can all be found within walking distance. The Gardiner Expressway can be accessed in a few minutes by car and Mimico Go, Long Branch GO & the 501 Queen TTC Streetcar route all provide public transit access to downtown Toronto. A variety of parks and the Martin Goodman SIXTH STREET Waterfront trail can all be accessed by walking a few minutes south on various neigbourhood streets. Humber College is located immediately to the west with a growing student population. The area has significant employment designated lands located directly to the north with some national retailers situated between Dwight Avenue and Islington Avenue on Lake Shore Boulevard W. Developers & Institutions have started investing within the region with a few transactions to note to date, in particular the Campbell’s manufacturing facility that sold in December 2018. LAKE SHORE BOULEVARD W 1 MIN WALK TO ISLINGTON AVENUE STREET CAR STOP STREETCAR ROUTE 501 EB: Neville Park Loop WB: Long Branch Loop 3 MIN DRIVE TO MIMICO ISLINGTON AVENUE STATION 3 MIN DRIVE 4 MIN DRIVE 1 MIN DRIVE 71 86 79 71 Gardiner Long Branch Humber WALK TRANSIT BIKEBIKE SCORE SCORE SCORESCORE Expressway GO Station College 2878/80 & 2882 LAKE SHORE BLVD. W. FOR SALE/FOR LEASE TORONTO, ON 2878/80 LAKE SHORE BLVD. W. 2882 LAKE SHORE BLVD. W. OVERVIEW OVERVIEW The property is the West of the two and is a 2 storey mixed The property is the East of the two and is a 2 storey mixed commercial/residential building. The main floor is available for commercial/residential building. The main floor is available for lease and consists of 3,000 sq. ft. The second floor is 3,000 lease and consists of 3,000 sq. ft. The second floor consists sq. ft. and consists of four residential apartment units (Three of 2,500 sq. ft. commercial space tenanted by New Toronto 1 Bedroom units and a Bachelor unit). Further information of Billiards. Further information of the breakdown of income and the breakdown of income and expenses can be provided upon expenses can be provided upon request. request. PROPERTY DETAILS PROPERTY DETAILS FRONTAGE: 36 ft. FRONTAGE: 36 ft. DEPTH: 90 ft. DEPTH: 90 ft. PIN: 076090098 PIN: 076090099 SITE AREA: 3,240 sq. ft. SITE AREA: 3,240 sq. ft. ZONING: Mixed Commercial Residential 3.0 ZONING: Mixed Commercial Residential 3.0 OFFICIAL PLAN: Mixed Use Area OFFICIAL PLAN: Mixed Use Area Main Floor: 3,000 sq. ft. Main Floor: 3,000 sq. ft. SIZE BREAKDOWN: SIZE BREAKDOWN: Second Floor: 2,500 sq. ft. Second Floor: 3,000 sq. ft. MAIN FLOOR Available For Lease COMMERCIAL UNIT: Main Floor: Available For Lease COMMERCIAL UNIT: APARTMENT UNITS: 3 - 1 Bedroom, 1 Bachelor SECOND FLOOR New Toronto Billiards COMMERCIAL UNIT Apartment 1: $900 per month Apartment 2: $850 per month New Toronto Billiards: $37,200 INCOME BREAKDOWN: Apartment 3: $600 per month INCOME BREAKDOWN: Main Floor: Market Rent (TBD) Apartment 4: $460 per month Main Floor: $54,000 UTILITIES: $5,238 UTILITIES: $6,775 PROPERTY TAXES: $27,859.13 PROPERTY TAXES: $22,092 • $2,200,000.00 ASKING PRICE: ASKING PRICE: • $2,500,000.00 MAIN FLOOR ASKING • $22.00 NET + $10.13 TMI MAIN FLOOR ASKING • $22.00 NET + $9.51 TMI LEASE RATE: LEASE RATE: • 12 ft. clear height on ground floor • 12 ft. clear height on ground floor • 6.5 ft. clear height in basement • 10 ft. clear height in basement • 7 x 5 ft. truck-level loading door • 12 x 5 ft. truck-level door OTHER ELEMENTS: OTHER ELEMENTS: • Freight elevator connecting the • Freight elevator connecting the basement and ground floor basement and main floor • High load bearing floor tile throughout • High load bearing floor tile throughout 2878/80 & 2882 LAKE SHORE BLVD. W. FOR SALE/FOR LEASE TORONTO, ON 2878/80 LAKE SHORE BOULEVARD W. 2882 LAKE SHORE BOULEVARD W. SALE: $2,200,000 SALE: $2,500,000 © 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe,LEASE:Landiscor, USGS, i-cubed. $22.00The information contained NETherein (the “Information”)+ $10.13is intended for informational TMIpurposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy,LEASE:correctness or completeness $22.00cannot be guaranteed NETand has not+been $9.51verified by either CBRE TMILimited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L04 MapId:6427256 EXCLUSIVE ADVISORS: Ryan Bobyk* Brock Meddick CBRE Limited Sales Associate Sales Representative 2005 Sheppard Ave E T +1 416 495 6200 T +1 416 815 2305 Suite 800 [email protected] [email protected] Toronto, ON M2J 5B4 *Sales Representative www.cbre.ca SPECIALIZING IN URBAN INVESTMENT & DEVELOPMENT All outlines contained in this document are approximate MAY 2019 This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.
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