2141 bloor street west toronto, ontario · 18 york street, suite 400, toronto, on m5j 2t8 t:...

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Partnership. Performance. 2141 BLOOR STREET WEST TORONTO, ONTARIO For Sale Multi-Residential and Mixed-Use Investment/User Opportunity Bloor Street West Harcroft Road

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Page 1: 2141 BLOOR STREET WEST TORONTO, ONTARIO · 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724 †Sales Representative For more information, please contact:

Partnership. Performance.

2141 BLOOR STREET WESTTORONTO, ONTARIO

For Sale Multi-Residential and Mixed-Use Investment/User Opportunity

Bloor Street West

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Page 2: 2141 BLOOR STREET WEST TORONTO, ONTARIO · 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724 †Sales Representative For more information, please contact:

Introduction & OpportunityAvison Young has been retained to advise upon and manage the sale of 2141 Bloor Street West, Toronto (the “Property” or the “Site”). This outstanding mixed-use investment opportunity is comprised of a 12 unit apartment building with approximately 4,400 sf of flex commercial space on the main level. The neighbouring property at 2137 Bloor Street West is also available for sale.

Key Features• High profile location in exclusive Bloor West Village, one of the most successful and sought after Toronto

residential & retail areas

• Prestigious streetfront exposure on Bloor Street

• Outstanding investment with strong cash flow potential

• User opportunity to occupy main floor flex commercial space

• Steps to High Park, Humber River Park system, The Kingsway and Roncesvalles Village

• A two-minute walk to Runnymede Station on the Bloor Subway Line

• Neighbouring property at 2137 Bloor Street West also available for sale

CL A R EN CE - R O CK L A N D, O N TA R I O2141 Bloor Street West TO R O N TO, O N TA R I O

LocationThe Property is uniquely located with a ravine immediately south, providing a blend of treed and serene panoramic vistas including “protected forever” and unobstructed south, south-east and south-west views of Lake Ontario as well as High Park and Downtown Toronto. The Property offers location, convenience and lifestyle. It is located on the south side of Bloor Street, just east of Runnymede Road in the City of Toronto and is situated in a premier location as a “hilltop entrance” to Bloor West Village.

The Property is located just steps to High Park, the Runnymede Library, LCBO, 2 Starbucks, major banks, as well as excellent food and other retail shopping. The neighbourhood also features excellent schools such as Humberside Collegiate, Ursula Franklin, Runnymede Public and Humberside Montessori. The Old Mill Restaurant and Spa is also nearby. Runnymede Station, a stop on the Bloor Subway Line, provides convenient access to Downtown Toronto, Union Station and Pearson Airport. The Gardiner Expressway and QEW are easily accessible by automobile and serve to connect east to Downtown Toronto and the Don Valley Parkway, west to Highway 427. Highway 401 is easily accessible via this route or via Jane Street North.

Page 3: 2141 BLOOR STREET WEST TORONTO, ONTARIO · 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724 †Sales Representative For more information, please contact:

2141 Bloor Street West is a 3-storey, brick building with approximately 4,400 sf of main floor flex commercial space and 12 apartment units.

• Hardwood floors, wood trim and baseboards throughout the units

• Large, sunfilled apartment units

• Hydro separately metered

• Heat source: Steam natural gas (Centrally controlled)

• Water Heater: Natural gas (rental)

• Storm Windows throughout, with the exception of the front retail/commercial window

• Laundry Facilities

• Tenant storage lockers

• Potential expansion space for additional units

• Underutilized large high and dry basement

• Large portion of the units are owner occupied or vacant

CL A R EN CE - R O CK L A N D, O N TA R I O2141 Bloor Street West TO R O N TO, O N TA R I O

Summary Details

The Property

Municipal Address: 2141 Bloor Street West, Toronto

Site: Frontage: 64.5 ft.Depth: 110 ft.Total 7,095 sf

PIN: 213710008

Ward: #13 - Parkdale-High Park

Zoning: Commercial Residential (CR)

Official Plan: Mixed-Use area

Unit Type SizeFlex Commercial 4,400 sf (Main Level)

Flex Commercial 3,500 sf (Basement)

Residential - 1 Bedroom 4 Units

Residential - 2 Bedroom 4 Units

Residential - 2+ Bedroom 4 Units

Suite Mix

Building Features

Page 4: 2141 BLOOR STREET WEST TORONTO, ONTARIO · 18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724 †Sales Representative For more information, please contact:

2141 Bloor Street West TO R O N TO, O N TA R I O

The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

Avison Young Commercial Real Estate (Ontario) Inc., Brokerage18 York Street, Suite 400, Toronto, ON M5J 2T8 T: 416.955.0000 F: 416.955.0724

†Sales Representative

For more information, please contact:

Avison Young Multi-Residential Group

David Lieberman†, [email protected]

PricingThe property is being offered for sale on an “as is, where is” basis.

Asking Price: $7,550,000

All expressions of interest may be submitted in the form of a Letter of Intent or an Agreement of Purchase and Sale and should include the following details:

• Purchase Price

• Deposit Structure

• An indication of material terms required by the purchaser, if any

• Evidence of the purchaser’s financial ability to complete the transaction

• Address and contact info

Additional information is available upon request and written acknowledgement of confidentiality.

avisonyoung.comavisonyoungcapitalmarkets.com

Jonathan Hittner†

Vice President416.673.4022 [email protected]

David Worsley†

Sales Associate416.673.4069 [email protected]

Neil Musselwhite†

Sales [email protected]

Offers are being reviewed as they are received.

©2016 Avison Young Commercial Real Estate (Ontario) Inc. All rights reserved.

Subject Property

High Park