2 tecumseth street toronto, ontario · 2 tecumseth street • significant development site totaling...
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2 TECUMSETH STREETTORONTO, ONTARIO
INVESTMENT OPPORTUNITY
CBRE Limited (“CBRE” or “Advisor”) on behalf of Two Tecumseth Street Inc. (the “Vendor”) is pleased to offer for sale a 100% freehold interest in 2 Tecumseth Street and 125 Niagara Street, Toronto (the “Properties”, the “Site”, the “Property”), a sizable 4.93 acre development site exceptionally well-located in the heart of the vibrant Downtown West neighbourhood. The Property is strategically located at the intersection of Niagara Street and Tecumseth Street, directly adjacent to the CN Rail Corridor offering an exclusive location for a landmark condominium development. The Site’s irreplaceable location is further accentuated by excellent access to public transit as well as proximity to the Financial District, Entertainment District and Toronto’s trendiest retail along Queen Street West.
Downtown West is Toronto’s most coveted location for new condominium development, seeing an unprecedented level of new projects in recent years that have solidified its place as the mecca of urban lifestyle. The area is home to some of Toronto’s top restaurants, theatres and night clubs catering to the discerning tastes of wealthy young professionals. The location is further supported by an extensive public transit network combining street-car service, surface bus transportation and direct linkages to the subway network delivering unmatched local and regional access.
This outstanding opportunity represents one of the few remaining development sites in Downtown West of significant scale and quality. Downtown West is Toronto’s most active condominium market with 69 active condominium projects featuring an average price of $675 per sq. ft. The Site’s strategic position and configuration offer a rare occasion to create secluded residences amidst one of the busiest neighborhoods in the City.
THE OFFERING
2 TECU
MSETH
STREET
2 TECU
MSETH
STREET
• Significant development site totaling 214,708 sq. ft. (4.93 acres), providing the potential for mixed-use development combining high density residential and commercial uses
• Unobstructed views to the south over Fort York National Historic Site extending to the Toronto Waterfront
• Excellent residential location in close proximity to the Financial Core with an abundance of local amenities
• Located in the heart of the Downtown West surrounded by night life, top restaurants, theatres and some of Toronto’s best street front retail
• Excellent public transit access located just minutes away from both the King Street West and Bathurst Street streetcar lines, 2.4 km away from Union Station
• Positioned in a unique cul-de-sac offering privacy and a quiet residential environment
• Downtown West is experiencing significant condominium activity with 69 active projects totaling over 22,061 units with an average price of $675 PSF (Jan-2015)
INVESTMENT HIGHLIGHTS
MIKE CZESTOCHOWSKI*Senior Vice President416 495 [email protected]
LAUREN DOUGHTY*Senior Sales Associate416 495 [email protected]
MICHAEL BELLISSIMO, MBA**Vice President416 798 [email protected]
CBRE Limited2001 Sheppard Avenue EastSuite 300Toronto, OntarioT 416 494 0600F 416 494 6435www.cbre.com
PETER D. SENST*President Canadian Capital Markets416 815 [email protected]
CASEY T. GALLAGHER*Senior Vice President416 815 [email protected]
CBRE Limited145 King Street WestSuite 600Toronto, OntarioT 416 362 2244F 416 362 8085www.cbre.com
*Sales Representative **Broker
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (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.