2 sale - oct 2010

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Our Knowledge is your Property®

DOWNTOWN WEST OFFICE USER/INVESTOR OPPORTUNITY

INVESTmENT OPPORTUNITYOpportunity for an investor or owner-user to purchase this distinct property �in the vibrant Downtown West market.Long-term redevelopment opportunity. �

LOCATIONSouth side of Richmond Street West, between Widmer and Peter Streets

GROSS BUILDING AREA6,280 square feet (over 3 floors and basement)

SITE AREA1,916 square feet

PROPERTY TAXES$39,762.52 (2009)

ASKING PRICE PRICE REDUCTION

$2,200,000.00 $1,950,000

(please note MLS #C1676574)Please visit http://www.Obeo.com/556051

277 richmond street west • toronto • ontArio

DAVID A. CLARKESales RepresentativeInvestment Services [email protected]

DAVID K. WILLIAmSSenior Vice President, Sales RepresentativeNational Investment [email protected]

COLLIERS INTERNATIONALOne Queen Street East, Suite 2200Toronto, ON m5C 2Z2Phone: 416.777.2200Fax: 416.777.2277www.colliers.com/toronto

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties 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 and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and/or its licensor(s). (c) 2009. All rights reserved. Colliers Macaulay Nicolls (Ontario) Inc., Brokerage.

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NEW BOmA RENTABLE AREA (as currently built out)



DAVID A. CLARKE DAVID K. WILLIAmSSales Representative Senior Vice President, Sales RepresentativeInvestment Services Group National Investment Team416.643.3782 [email protected] [email protected]

1ST FLOOR 2ND FLOOR 3RD FLOOR BASEmENT

1,105 square feet 1,202 square feet 1,036 square feet 1,306 square feet

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DOWNTOWN WEST OFFICE USER/INVESTOR OPPORTUNITY



DAVID A. CLARKE DAVID K. WILLIAmSSales Representative Senior Vice President, Sales RepresentativeInvestment Services Group National Investment Team416.643.3782 [email protected] [email protected]

PhYSICAL BUILDING DETAILSRarely available 6,280 square feet converted Victorian. �

Three floors plus 1,000 square feet on lower level �(kitchen area) Charming Victorian brick structures with skylights, �ample natural light and balconyCentral air conditioning �

Parking available at neighbouring Riocan Hall (garage) �

LOCATIONPositioned within the kinetic Downtown West market. �

Close to Scotiabank Theatre, Royal Alexandra Theatre, �Princess of Wales Theatre, quaint boutiques and excellent shopping and dining venues.Across Richmond Street from a proposed new �development comprising of 200 plus residential units and retail.

TAXES UTILITIES$39,762.52 (2009) $14,666.23 (annually) �

Gas heating plus electric baseboard in basement �

Cooling is provided by 2 x 40 ton units on roof �

Roof was redone in 2005 �

Metropolitan Commercial Realty Inc. Brokerage 626 King Street West, Suite 302 Toronto, ON, M5R 1M7 Tel. 416.703.6621 Fax. 416.703.6735 www.metcomrealty.com

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice.

984 BAY STREET, TORONTO

Building Area: 37,856 sq ft

Typical Floor: 5,800 sq ft (approximately)

Site Area: 6,030 sq ft – 0.138 acres (mpac)

Frontage: 60‘

Depth: 100.5’

Storeys: 7

Electrical: 1,600 amperes, 120/208 volts, 3 phase, 4 wire

Zoning: CR 6.0 (C1.0, R6.0) SS1

Elevators: 2 X Passenger

Taxes: $278,000 (approximately 2009)

MID-TOWN OFFICE BUILDING For SALE

For further information please contact: David De Courcy Vice President, Broker 416.703.6621 Ext. 226 [email protected]

54 FRASER AVENUE, Toronto



LIBERTY VILLAGE REDEVELOPMENT PROPERTY FOR SALE

For further information please contact: Ming Zee Chris Walasek Broker of Record Sales Representative 416.703.6621 Ext. 222 416.703.6621 Ext. 224 [email protected] [email protected]




PROPERTY DESCRIPTION

Municipal Address: 54 Fraser Avenue, Toronto

Location: Liberty Village (King Street West and Dufferin Street)

Legal Description: Plan 684 Lots 19 & 20 and Part Lots 18 & 21

Site Area: 17,297 square feet 1,607 square meters (as per Land Registry)

Frontage: 131.83 Feet (as per MPAC)

Depth: 125.00 Feet

Building Area: 545 square feet – Basement 7,435 square feet – First Floor 1,080 square feet – Second Floor 9,060 square feet – Total

Zoning: IC D3 N1.5 28.0 meter (91.86 feet) height restriction

Tenancy: 7 Live/Work Studio tenants. – 100% Leased

NOI: Approximately $90,000.00 per annum

Assessed Value: $1,041,750 (2009)

Property Taxes: $10,079.80 (based on Residential tax rate)

Asking Price: $3,600,000 CAD.




AERIAL MAP




DATA MAP




ZONING MAP




HEIGHT RESTRICTION




South part of property looking west North part of property looking west Driveway looking west

Parking area looking east Parking area looking north/east Fenced yard looking east




SURVEY




NOTES

• No environmental reports available. • Most tenants are on month-to-month tenancies. • Termination provision in all leases. • Existing survey and plans available. • Forced air gas heating. • Property sold “as-is”. • Listed on the Inventory of Heritage Properties.



For SaleWHY LEASE? PAY LESS AND OWN YOUR

available space1,426 sf

asking price$550,000.00

lease vs. OWn cOMparisOn*Monthly leasing costs: $4,384.00Monthly Ownership costs: $4,328.00

cOMMents

Brick and beam ground floor space �

Ground floor signage �

live/work zoning - **pay residential �taxes**

Direct suite access off sherbourne �

ideal for professional uses �

parking and storage locker are included �

COLLIERS INTERNATIONALOne Queen Street East, Suite 2200 Toronto, Ontario M5C 2Z2416.777.2200

STEVE KEYZERSales [email protected]

90 sHERBOURNE sTREET • Toronto, ON

OFFICE SPACE DOWNTOWN EAST

* ask agent for details



For SaleFLOORPLAN

COLLIERS INTERNATIONALOne Queen Street East, Suite 2200 Toronto, Ontario M5C 2Z2416.777.2200

478RICHMOND STREET WEST

FLOOR/AREA : Lower Level 1,304 SF ∙ 8’5” ceiling1st Floor 1,294 SF ∙ 8’10” ceiling2nd Floor 1,331 SF ∙ 8’4” ceiling3rd Floor 1,284 SF ∙ 13’3” ceiling

Total: 5,213 SF

LOT S IZE : 16.17’ x 100’

POSSESS ION: Immediate

ASK ING PR ICE : $1,595,000.00

COMMISS ION: 2.5% TO THE SELLING BROKER

FOR SALE

PR IME LOCAT ION IN TRENDY “QUEEN WEST” AREA

EXCELLENT OPPORTUNITY TO OWN YOUR OWN BUILDING!

|

:: Recently fully gutted and renovated, 3-storey Victorian building with new addition

:: Ideal live-work situation

:: Separate HVAC systems for each floor

:: Steps to restaurants, bistros, galleries, theatres and Financial District

:: Major renovations including lowering of basement, complete plumbing replacement and heating/electrical systems and a 3-storey rear addition

:: Secure parking for 1-2 cars at the rear (depending on size of cars)

BUI LD ING

FEATURES

478RICHMOND STREET WEST TORONTO, ON

FOR SALE

FOR MORE

INFORMAT ION

PLEASE

CONTACT

CB Richard Ellis | 145 King Street West | Suite 600 | Toronto, ON M5H 1J8 | www.cbre.ca

Ed Seagram*

Vice President

416.815.2377

[email protected]

This disclaimer shall apply to CB Richard Ellis Limited, a real estate brokerage, and its Canadian affiliates, CB Richard Ellis Alberta Limited, CB Richard Ellis Manitoba Limited, CB Richard Ellis Québec Limitée and CB Richard Ellis Advisory Services Inc. (collectively “CBRE”).

© 2010 CB Richard Ellis Limited. The information set out herein (the “Information”) is intended for informational purposes only. CBRE has not verified the Information and does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability of any kind in connection with the Information and 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.

*Broker

GROUND FLOOR - 1 ,304 SF

2ND FLOOR - 1 ,331 SF

478RICHMOND STREET WEST TORONTO, ON

FOR SALE

FOR MORE

INFORMAT ION

PLEASE

CONTACT

Ed Seagram*

Vice President

416.815.2377

[email protected]

1ST F LOOR - 1 ,294 SF

3RD FLOOR - 1 ,284 SF

CB Richard Ellis | 145 King Street West | Suite 600 | Toronto, ON M5H 1J8 | www.cbre.ca

This disclaimer shall apply to CB Richard Ellis Limited, a real estate brokerage, and its Canadian affiliates, CB Richard Ellis Alberta Limited, CB Richard Ellis Manitoba Limited, CB Richard Ellis Québec Limitée and CB Richard Ellis Advisory Services Inc. (collectively “CBRE”).

© 2010 CB Richard Ellis Limited. The information set out herein (the “Information”) is intended for informational purposes only. CBRE has not verified the Information and does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability of any kind in connection with the Information and 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.

*Broker

1



21 CAMDEN STREET , Toronto

For further information please contact: Chris Walasek Sales Representative 416.703.6621 Ext. 224 [email protected]

Downtown West Office Condominium For Sale

Location: Spadina Ave & Richmond St W

Unit: Entire Fifth Floor: 1,982 SF

Maintenance Fees: $645.77 per month ($3.91 PSF/YR)

Property Taxes: $12,017.22 ($6.06 PSF/YR)

Utilities: Separately metered for hydro and gas.

Zoning: ”RA” Re-Investment Area (wide range of permitted uses including live/work.)

Comments: • Full floor office space with skylights. • 6 private offices, reception, meeting

room, storage locker, kitchen and private washroom.

• Rights to construct additional space on roof.

Asking Price: $614,420 CAD ($310 PSF)

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THE pREmiSESOpportunit y for an East end user/investor to purchase this lovely mixed use asset. Solid brick structure with professionally landscaped exterior.

AvAiLAbLE2,000 square feet

pRiCE$899,000.00

FEATuRESMixed use asset �

Main and lower Commercial. Upper residential suite. �

New roof replacement �

8 on-site parking stalls! �

Ideal for professional use �

889 bROADviEW AvENuE

CONTACT:David A. ClarkeColliers investment Services [email protected]

John S. Paddonvice president/Sales [email protected]

COLLiERS iNTERNATiONALOne Queen Street East, Suite 2200Toronto, ON m5C 2Z2phone: 416.777.2200Fax: 416.777.2277www.colliers.com

This document has been prepared by Colliers international for advertising and general information only. Colliers international makes no guarantees, representations or warranties 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 and excludes all liability for loss and damages arising there from. Colliers international is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers international and /or its licensor(s). © 2010. All rights reserved. Colliers macaulay Nicolls (Ontario) inc., brokerage.

miXED uSE uSER/iNvESTOR OppORTuNiTY

OFFICE CONDOMINIUMS FOR SALE1670 Bayview Avenue – Main & 2nd Floor

CCOONNTTAACCTT:: Sean Boyle, Broker of Record416.594.9999 x22 [email protected]

www.1670bayview.com

and houses tenants from various industries including financialservices, travel and entertainment. The building was complete-ly updated in the 1990s and has had a new elevator installed.

Tenant DescriptionThe Bank of Montreal (BMO) is one of Canada's oldest and most reputable financial institutions, operating a branch at 1670Bayview Avenue since the 1950s.

Benya Inc. has leased the entire second floor since 1993 and has their own private entrance.

Financial Overview & Floor Planspage 2

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counselshould evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.

BOYLE REAL ESTATE INC., BROKERAGE

Asking Price

$5,570,000

BUILDING INFO:Address: 1670 Bayview Avenue (south of Eglinton Av) Description: 5 storey office building Year Built: 1951 (retrofitted 1990s)

INVESTMENT OPPORTUNITYOpportunity to acquire 12,631 sq.ft. of 1st and 2nd floor retail/ office/medical space at a prime location on Bayview Avenue.

First floor is leased to one of the most profitable Bank of Mont-real (BMO) retail branches in the GTA through Dec. 31, 2011.

Second floor is leased to Benya Inc., a Ministry of Health fund-ed medical clinic that has been operating for many years.Benya’s lease expires December 31, 2023.

Building Description1670 Bayview Avenue is a five storey, 40,000 sq.ft. office building located in midtown Toronto near Eglinton Avenue. It is currentlyin the process of being registered as an office condominium.Situated in the heart of the retail corridor of an affluent residentialcommunity, 1670 Bayview Avenue is surrounded by vibrant retail

MAIN FLOOR

2nd FLOOR

CCOONNTTAACCTT:: Sean Boyle, Broker of Record416.594.9999 x22 [email protected]

www.1670bayview.com

prepared by Space Database Inc., www.spacedatabase.com

FINANCIAL OVERVIEW: Main floor & 2nd floor – 12,631 sq.ft.

YEAR ENDING GROSS INCOME EXPENSES NOI

Year 1 (Dec-2009) $361,881 $27,229 $334,652Year 2 (Dec-2010) $361,881 $28,046 $333,835Year 3 (Dec-2011) $361,881 $28,887 $332,994Year 4 (Dec-2012) $374,580 $29,754 $344,826Year 5 (Dec-2013) $378,600 $30,646 $347,953Year 6 (Dec-2014) $387,665 $31,566 $356,099Year 7 (Dec-2015) $387,665 $32,513 $355,152Year 8 (Dec-2016) $387,665 $33,488 $354,177Year 9 (Dec-2017) $403,101 $34,493 $368,609Year 10 (Dec-2018) $403,857 $35,527 $368,330Year 11 (Dec-2019) $403,857 $36,593 $367,264Year 12 (Dec-2020) $403,857 $37,691 $366,166Year 13 (Dec-2021) $412,171 $38,822 $373,349Year 14 (Dec-2022) $420,049 $39,986 $380,063Year 15 (Jan-2023) $35,004 $3,432 $31,572

1) Benya Lease expires 1/31/2023. Benya will convert to BOMA measurement of 9,070 psf on 2/1/13. 2) Bank of Montreal (BMO) lease expires 12/31/2011. BMO expected toexercise five-year renewal options throughout the analysis period and convert to BOMA measurement of 3,561 sf on 1/1/2012. 3) The Landlord will work on amendment to thislease whereby reserve contributions would be borne by the tenant. If successful, this expense will not be borne by the investor and NOI would be adjusted accordingly.

(Base Rent) (Condo Reserve Fee)

1670 BAYVIEW – MAIN FLOOR(3,561 sq.ft.)

1670 BAYVIEW – SECOND FLOOR(9,070 sq.ft.)

lennard.com

Lennard Commercial Realty, Brokerage 150 York Street Suite 1900 Toronto Ontario M5H 3S5

Phone: 416.366.3183 Fax: 416.366.3186

Contact Information

Statements and information contained are based on the information furnished by principals and sources which we deem reliable but for which we can assume no responsibility

SALE 63 Lombard Street

Availability

Location Building Description

Downtown East Church Street & Richmond Street

Commercial unit in prestigious mixed-use condo “The Bentley”

TBD

$959,000

Realty Taxes $23,084.39 per year (2009) Condo Fees $2,334.97 per month (2009) + Hydro

Approximate Space

3,800 sq. ft.

Asking Price

Commission

2.5% (As per our exclusive listing agreement)

Comments

Main floor, private access from the street

Reception, 5 offices, boardroom, open area, kitchenette and 2 washrooms

Street parking, some rental parking available; lots of parking nearby

Ideal Owner/User opportunity

Carolyn Laidley Arn Sales Representative 416.366.3183 x246

[email protected]

Andrew Baker Broker of Record

416.366.3183 x229 [email protected]

Photos

Financials Vendor will consider VTB mortgage

of up to 66% of sale price (term and rate to be negotiated)

Price Reduced To

$959,000


63 Lombard Street Photos


63 Lombard Street Suite 8 – 3,800 Sq. Ft.

Listing Information Sheet

Retail Store/ Apartment For Sale User/ Investment Opportunity

198A Davenport Road, Toronto, Ontario

Tel: 416 863 1215 www.dtzbarnicke.com

Location: 198A Daveport Road is located on the north side of Davenport Road, just east of Avenue Road.

Area Description: The property is situated within Toronto's Yorkville and Annex neighbourhoods. Amenities such as restaurants, cafes, art galleries and retail stores are abundant.

Investment Offering: Ground floor leased for 2 years starting on March 1st, 2010. 2nd and 3rd floors are to be considered vacant retail/office/apartment space.

Property Highlights: – Excellent exposure onto Davenport Road

– Ideal opportunity for a live/work user or investor

– Additional land to the rear allows for future expansion or comfortable backyard space

– Exceptional city views from 3rd storey balcony

– Within walking distance of TTC

– Street parking available along Davenport Road

Asking Price

$1,700,000

Contact:

Dan Rogers*Email: [email protected] Tel: 416 865 5093

Bryce Gibson*Email: [email protected] Tel: 416 865 4668

DTZ Barnicke Limited2500 - 401 Bay StreetToronto, Ontario M5H 2Y4Tel: 416 863 1215Fax: 416 863 9855*Real Estate Sales Representative

198A Davenport RoadToronto, Ontario

Tel: 416 863 1215 Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. DTZ Barnicke Limited, Real Estate Brokerage 3/2010

Building: 3-storey semi-detached building with separate basement access. Total gross floor area is approximately 3,000 sq ft.

Lot: 25 feet frontage X 94 feet depth = 2,350 sq ft. Rear yard allows for expansion/redevelopment.

Zoning: Commercial/Residential (T2.0 C1.0 R2.0), allows for a building of 4,700 sq ft in size.

Please call the Listing Agents for additional property information or to arrange a tour.

Contact:

Dan Rogers*Email: [email protected] Tel: 416 865 5093

Bryce Gibson*Email: [email protected] Tel: 416 865 4668

DTZ Barnicke Limited2500 - 401 Bay StreetToronto, Ontario M5H 2Y4Tel: 416 863 1215Fax: 416 863 9855*Real Estate Sales Representative

Subject Property

Property Highlights * Historic building in prime midtown location

* Fully preserved architectural detail and in excellent condition throughout

* Minutes to Bloor Street and public transit system

* 5,200 square feet of office accomodation plus full basement

* VTB available to qualified buyer

For sale 92 isabella street

with vacant Possession toronto, ontario, canada

Smith Company Commercial Real Estate Services Inc. | Brokerage401 Bay Street, P.O. Box 59, Suite 2704, Toronto, Ontario M5H 2Y4 | T. 416.366.7000 | F. 416.366.9800www.smithcompany.ca | [email protected]

ISO 9001 Certified

ProPerty inFormation 92 isabella street, toronto

Location: 92 Isabella is located in midtown Toronto, on the north side of Isabella, between Jarvis and Church Street. The block is predominantly residential in nature, with four high rise (11 & 13 storey) apartments, three 1930’s era apartment houses. 90a, 92 and 94 Isabella are commercial office and institutional occupancy historic structures.

Bloor Street is the heartbeat of Toronto with Bloor and Yonge being the crossroads of Toronto’s subway system and the area accomodating an effective mix of business offices ranging from life companies to media producers, the City’s carriage trade retail hub, hotels, the City’s priciest condominiums, Queen’s Park, the seat of Ontario Government, University of Toronto, Royal Ontario Museum (R.O.M.) and several major hospital facilities. 92 Isabella is 3 blocks south of Bloor Street. Church Street provides a wide variety of services including banks, restaurants etc. Jarvis to the east is a major north/south arterial road. Isabella Street, on this block is a one-way eastbound street. There is on-street metered parking available.

Toronto’s subway system which links to all modes of public transport can be accessed within a few minutes walk at Bloor and Yonge or Bloor and Sherbourne.

Building: The adjoining 90 and 92 Isabella Street was completed in 1889, at a time when the area was the most fashionable residential neighbourhood of Toronto. The building contains 3 storeys above grade; a finished basement; and a large attic space suitable for improvement. The following accommodation is provided:

Ground floor: Reception, conference room, 3 private offices and washroom. 1,791 sq.ft.2nd floor: Reception, boardroom, 4 private offices, kitchen and washroom. 1,765 sq.ft.3rd floor: 2 large work areas, 4 private offices, storage room and washroom. 1,645 sq.ft. Total area above grade: 5,201 sq.ft.

The developed basement has been in use as an apartment with open livingarea, 3 bedrooms, kitchen and full bathroom: 1,340 sq.ft.Total building area: 6,541 sq.ft. The building is fully restored. The exterior masonry structure comprises a stone block plinth supporting red facing brick exterior walls which incorporate terracotta paneling detail, arched windows and ornate woodwork featured on the porch, 3rd floor deck and eaves. The multi pitched roof structure is finished with slate tiles. The centre roof section is a mansard with a flat built up bituminous felt finish and skylight. Other detail includes recently restored finials.

The interior includes many of the original features such as dado paneling, doors and frames, cornices, fireplaces and ceiling pendants. Of particular note are the grand staircase and many original stained glass windows.

The building is air conditioned, and heating is delivered through period steam radiators generated by a gas fired boiler. An upgraded electrical supply is installed, delivering 400 amps with the main breaker and 2 service panels in the basement. An Edwards security alarm system is installed. The building is served by scaleable fibre optic ATM cable installed by Bell. There are Ethernet drops in approximately 20 locations for network use.


Title:

The property is a fee simple estate. The only registered encumbrances are:

CT279303 (02/14/78) Bylaw 25-78 designating 90-92 Isabella Street of architectural value under The Ontario Heritage Act. 63R1490 (04/18/78) Registered Plan of the property.

63R2759 (11/15/82) Registered Plan in connection with severance of the rear portion of the land parcel.

Assessment and Taxes:

MPAC currently assesses the property at $1,258,000.Property Taxes for the 2008 tax year were $ 36,546.17

Zoning:

The City of Toronto Zoning Bylaw No. 438-86 classifies the property R3Z1.0, which permits a variety of residential, nursing and care facilities to a density of one times the site area. However, commencing with a Committee of Adjustment consent in 1978, the building has been in continual use as professional offices. Accordingly the property is a legal non-conforming use.

Possession:

The building is presently occupied by the property owner, operating its media business. The owner will provide vacant pos-session of the building at completion of a sale, and may consider terms for a short term leaseback of the building, should a buyer wish to defer actual occupancy.



92 Isabella St.

Church St.

Jarvis St.

Isabella St.

Bloor St.

Price:

$2,150,000 (Canadian)

Further information is available and arrangements for an inspection can be made by contacting the Exclusive Listing Agents:

JOHN GORDON* 416.848.7722

[email protected]

PAUL SMITH** 416.366.5756

[email protected]

Vendor Mortage:

The owner will, subject to certain financial and security requirements, provide at Closing a first mortgage on current market terms for up to a 5 year term.

* Sales representative ** Broker of RecordThe information contained herein was obtained from sources deemed reliable and believed to be true; it has not been independently verified and as such cannot be warranted nor form part of any future contract.



ISO 9001 Certified

For sale 530 rICHMoND sT. W. toronto,ontario,canada


ISO 9001 Certified

Property Highlights • Victorian house and historic four (4) storey brick & beam building

• 10,386 square feet of gross leasable area

• In the heart of vibrant Queen West • Plans available for integration of buildings

• Ideal user facility for office, studio, gallery space

• Live/work opportunity

For more information or to arrange a tour please call:

John Gordon* 416-848-7722 Shaun Rowe* [email protected] [email protected]

*Sales Representative

ProPerTy INForMaTIoN 530 rICHMoND sT. W.

Location: The property is located on the north side of Richmond Street West, just west of Augusta Avenue, in the heart of the vibrant Queen West neighbourhood. Comprising two buildings, 530 Richmond Street West fronts Richmond Street, with a return frontage to a city lane which runs north to Queen Street. The second building has return frontage to both the same city lane and Rush Lane, which runs east/west from Augusta to Portland. There is an eclectic mix of retail and restaurant uses on Queen Street. To the west, occupying the block fronting Queen, Richmond and Portland, the Riocan’s mixed use retail and condominium project is under construction. This Riocan project will include a Loblaws food store, Joe Fresh and Winners, as well as 4 storeys of condominiums.


Building Description:

530 Richmond Street consists of two physically separate adjoining properties - an 1890’s 3 storey end row house fronting Richmond and a four storey commercial building to the rear fronting Rush Lane, constructed at the turn of the century. They provide the following accomodation;

530 Richmond 530 Richmond RearGround Floor 458 square feet Lower Ground Floor 2,310 square feetSecond Floor 473 square feet Second Floor 2,310 square feetThird Floor 215 square feet Third Floor 2,310 square feetSubtotal 1,146 square feet Fourth Floor 2,310 square feet Subtotal 9,240 square feet Total 10,386 square feet

530 Richmond is currently occupied as a residence with a month to month tenant. 530 Richmond rear is com-mercial office space with a single tenant occupying the first floor. The remainder of 530 Richmond rear is owner occupied.

The existing lease of the lower ground floor has an expiry date of May 31, 2012, with an option to relocate. The current annual rental is $21.50 psf. semi-gross. Tenant pay utilities.

The interiors of 530 Richmond Rear have been fully renovated to provide modern, open floor plan office/studio space. Ceil-ing heights are approximately 10 feet and interiors feature exposed brick walls and hardwood floors. The building is heated and air conditioned. Washroom facilities are provided on each floor.

The building is available “as is”, however, drawings are available showing a conceptual design to integrate the two building structures.

Site:

There are two separate legal parcels. 530 Richmond has a frontage of approximately 17 feet, with a depth of approximately 68 feet. The rear parcel has a frontage to Rush Lane of approximately 77 feet and return frontage to the city lane of approximately 30 feet. The combined site area is approximately 3,939 square feet.

Legal Description:

530 Richmond - PT LT 30 SEC CPL 135 Toronto As In CT590863; T/W CT 590861: City of Toronto530 Richmond Rear - PT LT 26-27, 30 Sec CPL 135 Toronto As In CT590861; T/W CT590861: City of Toronto

Title:

Both properties are held in fee simple. Both titles are subject only to easement agreements with the City of Toronto with respect to minor encroachments to the adjoining city owned lanes, and the following charges:530 Richmond - Mortgage in favour of Home Trust Company in the original principal amount of $468, 750.530 Richmond Rear - Mortgage in favour of The Bank of Nova Scotia in the original principal amount of $400,000, which will be discharged at closing.Both Properties - Cross collateralised mortgage in favour of The Equitable Trust Company in the original principal amount of $1,000,000. Details of mortgage terms and assumability with respect to the Home Trust and Equitable mortgage will be available to qualified prospective purchasers.

Zoning:

R.A. Reinvestment Area. A broad range of uses are permitted including retail, offices, residences including apartment build-ings, live/work accomodation, warehousing and manufacturing.

The by-law height limit for new development is 23 metres, or approximately 7 stories. Density is otherwise governed by setbacks and building envelope/shadow considerations.



Assessment of Taxes:

Assessments: 530 Richmond $390,000.00 530 Richmond Rear $656,000.00

Taxes (2009): 530 Richmond $3,333.64 530 Richmond Rear $22,719.96

Price:

$2,850,000



Address Sale Date Build-ing Size (sq. ft.)

Price Price Per sq. ft.

Comments

15 Duncan St. 9/24/09 21,129 $4,425,000 $209 Purchased by owner occupier.

468 Queen St. W.

7/2/09 7,682 $2,500,000 $325 At time of sale building was com-pletely vacant.

340 Richmond St. W.

11/17/09 8,792 $2,200,000 $250 At time of sale building was com-pletely vacant.

530 Richmond St. W.

- 10,386 $2,850,000 $275 Price in line with historical sales and current market trends.

Recent Transactions

The document has been prepared by Smith Company Commercial Real Estate Services Inc. for advertising and general information only. Smith Company Commercial Real Estate Services Inc. makes no guarantees, representations or warranties 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.

CONTACT: SHAUN ROWE* or JOHN GORDON* at 416.366.7000*Sales Representative

2 sale - oct 2010

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