- Property size 19,860 ft2
185-187 St. Clair Avenue West - multi-family for sale
185 & 187 ST. CLAIR AVENUE WEST and 273 POPLAR PLAINS ROAD (the “Property” and/or the “Lands”) represents an opportunity to acquire a development site with significant frontage on St. Clair Avenue West, in the heart of Forest Hill, one of the wealthiest residential neighbourhoods in the Greater Toronto Area. The Property comprises three contiguous land parcels with a total land area of 19,860 SF, or 0.46 acres, and offer over 100 feet of frontage on St. Clair Avenue West. 185 & 187 St. Clair Avenue West are each improved with three storey private office buildings, while 273 Poplar Plains Road is improved with a three-storey, four-unit apartment building. The area surrounding the Property has witnessed significant residential development activity in recent years, due to its central Midtown Toronto location, proximity to transit and other important amenities, and the substantial demand from locals looking to downsize while remaining in this affluent, centrally-positioned neighbourhood.
Site Area: 0.46 AC (19,860 SF)
Frontage: 104 x 50 ft.
Official Plan: Apartment Neighbourhoods
Net Rentable Area (NRA): ~17,360 SF
Current Occupancy: 86%
Parking: ~24 stalls
Stabilized NOI: $209,280 per annum