4,740
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 579-581 College Street (the “Property”). The offering represents a unique opportunity for a value-add investor or owner-user to acquire two retail storefronts with 33 feet of frontage on College Street, as well as three fully occupied two bedroom apartment units above grade, all owner-occupied or on month-to-month leases.
The Property also includes a two-storey 1,540 SF laneway house at the rear of the lot, offering additional laneway access from Manning Avenue, and providing substantial upside in leasing and/or the possibility for partial owner-user occupancy.
The Property also includes a two-storey 1,540 SF laneway house at the rear of the lot, offering additional laneway access from Manning Avenue, and providing substantial upside in leasing and/or the possibility for partial owner-user occupancy.
Amenities
Salient Facts:
Total Building Area: 4,740 SF
College Street Retail: 1,600 SF
College Street Apartments: 1,600 SF
Laneway Housing: 1,540 SF
Lot Area: 4,356 SF
Frontage: 33 FT
Zoning: CR 3.0 (C1.0; R2.5)
Parking: Six (6) surface stalls
Asking Price: $2,899,000
Total Building Area: 4,740 SF
College Street Retail: 1,600 SF
College Street Apartments: 1,600 SF
Laneway Housing: 1,540 SF
Lot Area: 4,356 SF
Frontage: 33 FT
Zoning: CR 3.0 (C1.0; R2.5)
Parking: Six (6) surface stalls
Asking Price: $2,899,000