8,460
ft2
Alternatives
Sale/Purchase
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Description
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and/or the “Advisor”) has been exclusively retained to offer for sale a 100% freehold interest in 460 Avenue Road, Toronto (the “Property”). The Property represents a rare opportunity to acquire a prime development footprint within Toronto’s affluent Forest Hill neighbourhood. In addition to the potential for a residential development, the Property currently houses a 5,285 square foot (“sf”) boutique office building on 8,460 sf of land. The existing building has a charming character, ample on-site parking, and prime positioning.
The Property offers considerable upside as the site is well suited for a high-end residential development in the heart of one of Toronto’s wealthiest neighbourhoods. The area surrounding the Property has witnessed significant residential development activity in recent years as developers capitalize on an exceptional transit-oriented location and an intensifying neighbourhood in close proximity to Downtown Toronto.
The Property offers considerable upside as the site is well suited for a high-end residential development in the heart of one of Toronto’s wealthiest neighbourhoods. The area surrounding the Property has witnessed significant residential development activity in recent years as developers capitalize on an exceptional transit-oriented location and an intensifying neighbourhood in close proximity to Downtown Toronto.
