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1229 Bloor Street West | Toronto | ON

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1229 Bloor Street West | Toronto | ON FOR SALE 1229 Bloor Street West | Toronto | ON BLOORDALE VILLAGE Excellent Mixed-Use Investment Opportunity for Sale in Toronto Rare User/Investor Opportunity to own a 2,000 SF mixed-use building along Bloor Street West Asking Price $1,699,000 Varun Mahimker Colliers International Sales Representative 245 Yorkland Blvd, Suite 200 O: +1 416 791 7264 Toronto, ON M2J 4W9 C: +1 647 939 3300 +1 416 777 2200 [email protected] FOR SALE 1229 Bloor Street West | Toronto | ON THE BUILDING 1229 Bloor Street West is a 2-storey mixed-use building located steps from transit and future developments. The main floor of the property is currently being used as a small grocery store and restaurant selling Mexican and Latin American food and products. In addition, the property has one large three-bedroom residential apartment on the second floor and a smaller one bedroom unit in the basement. All tenants currently in place are there on a month-to-month basis. The property benefits from a brand new roof, a newly renovated basement apartment, a newly built patio/deck area for the second floor unit, and 2 parking spaces at the rear that can be accessed through a lane way via St. Clarens Avenue or Margueretta Street. The CR 3.0 zoning permits a wide variety of commercial and residential uses with the option to increase the FSI of the current structure if needed. THE AREA Bloordale Village is an up and coming neighborhood sandwiched between Bloorcourt and the Junction Triangle. The area boasts a bustling nightlife scene as well as a collection of diverse restaurants serviced by TTC’s Bloor-Danforth Line. 1229 Bloor Street West is ideally situated along Bloor, as it is just minutes from Dufferin Mall, steps to Lansdowne Station, and a short subway ride to the downtown core. To the West of the property, GO Transit has proposed a new station at 1319 Bloor Street West on the Barrie line, which will connect Bloordale Village to Simcoe County in the north and leave it situated just one stop from Union Station to the south. The Bloor UP station currently provides a route for commuters to travel to Union or Pearson Airport in minutes. THE OPPORTUNITY 1229 Bloor Street West represents a unique opportunity for an investor or end user Lansdowne UP Express Station CR 3.0 Brand to acquire a mixed-use property located on a transit line. With none of the tenants Subway Station > 10 mins walk Zoning New Roof locked into long-term leases, there is potential for a buyer to open or move over > 2 mins walk their existing business into the space with holding income to cover costs through the process. There also exists the opportunity for a buyer to renovate and re-lease the property to a long-term AAA tenant should they purchase the property with the intent of keeping it as an investment. In the years to come as developers continue to assemble street front units for future development, 1229 Bloor Street West is ideally Value Add Close Proximity to Walk Score Built-out situated just 2 properties from a corner. Potential Downtown Core 91 Restaurant FOR SALE 1229 Bloor Street West | Toronto | ON LOCATION MAP 1 2 3 4 5 LNX Condos Bloor & Dundas Dundas & Bloor Bloor & Dufferin Condos Bloor & Dovercourt • 2388 Dundas Street West • Bloor St W & Dundas St W • 2280 DundasDupont Street Street West • 1131 Bloor Street West • 990 Bloor Street West • 375 Units • 236 Units • 2606 Units • 2098 Units • 102 Units • Lormal Homes • Trinity Development Group • Choice Properties REIT • Capital Developments & Metropia • Main and Main Dufferin Street GO Train Kitchener / UP Lansdowne Ave GO Train Barrie Line JUNCTION Ossington TRIANGLE 5 Dundas Street W 1229 Bloor Street Dufferin Ossington Ave W Keele Street 1 4 Lansdowne Station Future DUFFERIN Bloor Street W GROVE Station Dundas West Dufferin Mall 2 Keele 3 FOR SALE 1229 Bloor Street West | Toronto | ON COMMERCIAL RESIDENTIAL - CR 3.0 (C1.0; R2.0) SS2 (X1556) INVESTMENT HIGHLIGHTS Permitted Uses: Residential • Place of Assembly (1, 29) • Mixed-Use Investment Opportunity on Bloor Commercial • Dwelling Unit in a permitted • Place of Worship (40) • Brand new roof, new back deck/patio • Ambulance Depot building type in Clause • Private School (28) • Art Gallery 40.10.20.40 • Public Parking (7,8,9,10,11) • Live/work opportunity for end-user • Artist Studio • Hospice Care Home • Public School (28) • Located just steps from Lansdowne Station on • Automated Banking Machine • Nursing Home • Public Utility (54,57) TTC Line 2 • Community Centre • Religious Residence • Recreation Use (1, 46) • Variety of uses under CR 3.0 zoning • Courts of Law • Residential Care Home • Renewable Energy (56) • Education Use • Respite Care Facility • Retail Service (17) • Financial Institution • Retirement Home • Service Shop (6) • Fire Hall • Student Residence • Sports Place of Assembly (46) PROPERTY INFORMATION • Library • Take-out Eating Establishment (1) • Massage Therapy Uses with Conditions: • Transportation Use (55) Size 1,959 SF • Medical Office Commercial • Vehicle Dealership (26) Site Area 1,775 SF • Museum • Amusement Arcade (23, 47) • Vehicle Fuel Station (13,38) • Office • Cabaret (1) • Vehicle Service Shop (13,39) New Roof (2019) Improvements New Deck (2017) • Park • Club (1) • Vehicle Washing Establishment Renovated basement unit (2019) • Passenger Terminal • Cogeneration Energy (56) (25) • Performing Arts Studio • Custom Workshop (16) Zoning CR 3.0 (c1.0; r2.0) SS2 (x1556) • Personal Service Shop • Day Nursery (27) Residential Current Income • Pet Services • Drive Through Facility (37) • Crisis Care Shelter (43) Retail $2,000/month + utilities • Police Station • Eating Establishment (1,33) • Group Home (30) 3-bedroom $1,600/month + utilities 1-bedroom $900/month • Post-Secondary School • Entertainment Place of • Home Occupation (45) • Production Studio Assembly (1, 46) • Municipal Shelter (31) Insurance $2,593 • Religious Education Use • Funeral Home (24) • Private Home Daycare (44) Property Taxes $12,410.80 (2018) • Retail Store • Hotel (4) • Rooming House (48) Lease Expiry Month to month • Software Development and • Laboratory (15) • Secondary Suite (58) Processing • Nightclub (2) • Seniors Community House (42) • Veterinary Hospital • Outdoor Patio (21) • Tourist Home (22) • Wellness Centre • Outdoor Sales or Display (20) [ City of Toronto By-law: 569-2013 ] Asking Price FULL ZONING BYLAW: $1,699,000 https://www.toronto.ca/zoning/bylaw_amendments/ZBL_NewProvision_Chapter40_10.htm FOR SALE 1229 Bloor Street West | Toronto | ON ADDITIONAL PHOTOS FOR SALE 1229 Bloor Street West | Toronto | ON Varun Mahimker Sales Representative O: +1 416 791 7264 C: +1 647 939 3300 [email protected] Colliers International This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warran- 245 Yorkland Blvd, Suite 200 ties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document Toronto, ON M2J 4W9 and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. +1 416 777 2200.
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