FOR SALE 3659-3663 Lake Shore Blvd. W., Toronto
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FOR SALE 3659-3663 Lake Shore Blvd. W., Toronto ETOBICOKE STREET-FRONT INVESTMENT OPPORTUNITY An excellent opportunity to acquire a newly renovated, fully tenanted street-front asset in the transforming neighbourhood of Long Branch along Lake Shore Boulevard West. The asset is located minutes from the western terminus of two TTC streetcar lines and the Long Branch GO Station. Visit www.jll.ca Visit www.jll.ca Key Highlights Location Fully leased retail and residential asset The asset is located on the south side of Lake Shore Blvd. W., east of the Long Branch GO Station. This stretch of Lake Recently renovated property Shore Blvd. W. is undergoing a period of transition from a low- 30 feet of frontage on Lake Shore Boulevard West density industrial-commercial corridor to a higher-density Gentrifying neighbourhood with convenient access to mixed-use node. The Long Branch loop to the west of the Long Branch GO, TTC, and MiWay transit terminal Property serves as a local transit hub and along with the Long Branch GO Station, connects the neighbourhood to Downtown Toronto. As gentrification in the area continues, Property Details Long Branch is likely to see an influx of young professionals looking for living spaces accessible to the Downtown Core. Frontage: 30 FT Depth: 120 FT Tenancy Details Site Area: 3,600 SF The ground floor retail space is currently leased to Home & Building Area: 3,060 SF Condo Market Brokerage, a well-established local residential Parking: Four (4) Spaces brokerage with a lease expiring in October 2020. The second floor and lower level consist of four fully leased apartment Official Plan: Mixed Use Area units. Net Operating Income: $67,000 per annum Listing Agent: Offering Guidelines Elliot Medoff* The Property is offered for sale at a price of $1,650,000 and Vice President will be sold on an as-is, where is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while JLL Capital Markets Group preference will be given to Offers with limited conditionality +1 416 238 9768 and timely closing. Offers should be submitted to the attention of Elliot Medoff at 22 Adelaide Street West, Suite [email protected] 2600, Toronto, ON, M5H 4E3. © 2016 Jones Lang LaSalle IP, Inc. All rights reserved. The information contained in this document is proprietary to Jones Lang LaSalle and shall be used solely for the purposes of evaluating this proposal. All such documentation and© 2016 information Jones Lang remains LaSalle the IP,property Inc. All of rights Jones reserved. Lang LaSalle The informationand shall be contained kept confidential. in this document Reproduction is proprietary of any part to Jonesof this Ladocung mentLaSalle is authorizedand shall be only used to thesolely extent for the necessary purposes for of its evaluating evaluation. this It proposal.is not to be All shown such documentationto any third party and information withoutremains the the prior property written of Jonesauthorization Lang LaSalle of Jones and Lang shall LaSalle. be kept All confidential. information Reproduction contained herein of any is partfrom of sources this document deemed is reliab authole;rizhowever,ed only to no the representation extent necessary or warranty for its evaluation.is made as It to is the not accuracy to be shown thereof. to any Visit third us partyat www.jll.ca without the prior written authorization of Jones Lang LaSalle. All information contained herein is from sources deemed reliable; however, no representation or warranty is made as to the accuracy thereof. Visit us at www.jll.ca *Sales Representative / *Broker *Sales Representative / *Broker.