6,675
ft2
Retail
Sale/Purchase
Contact us for price
Description
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 2485 - 2489 Yonge Street (the “Property”). The Property represents a rarely available opportunity to acquire four contiguous retail storefronts on Yonge Street, positioned a short distance north of Eglinton Avenue. Fully occupied by a variety of long-term tenants, the Property offers both uninterrupted frontage on Yonge Street and direct exposure at the T-intersection of Yonge Street & Castlefield Avenue. Positioned immediately north of the rapidly intensifying Yonge & Eglinton intersection, the Property provides prospective purchasers with an opportunity to capitalize on stable holding income, a growing retail scene, and long-term development potential.
Amenities
Key Highlights
- Prime positioning within an exclusive Midtown
neighbourhood - Nearly 50 feet of frontage on Yonge Street north of Eglinton Avenue, offering exceptional transit amenities
- Encompassed by a rapidly expanding residential market at Yonge & Eglinton, driving commercial demand
- Stable holding income with long-term assembly and development potential
Interested parties will be required to execute and submit the Vendor's form of a Confidentiality Agreement (attached) prior to receiving detailed information about the Property.
- Site Area: 6,675 SF
- Total Building Area: 4,000 SF
- Frontage: 48 FT
- Depth: 140 ft. (irregular)
- Total # of Storefronts: Four (4)
- Occupancy: 85%
- Zoning: CR 3.0 (C2.0; R2.5)
- Official Plan: Mixed Use Area
