- Property size 1,136 ft2
5 Glebe Road East - alternatives for sale
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and/or the “Advisor”) is pleased to offer for sale a 100% freehold interest in 5 Glebe Road East, Toronto (the “Property”). The Property represents an exceptional opportunity to acquire a stand-alone multi-residential apartment building consisting of 1,136 square feet (“sf”), located just east of Yonge Street. The Property is 100% occupied and comprised of a one (1) bedroom unit on the ground floor, a one (1) bedroom unit on the second floor, and a studio apartment unit within the basement. The current leasing profile within 5 Glebe Road is significantly below-market rates, providing prospective purchasers with existing holding income and meaningful future revenue upside potential.