1659 Lakeshore Road West

The Property represents a significant opportunity for an investor to acquire a one-and-a-half storey single-tenant retail asset on 11,000 sf of commercially zoned land within proximity to the Clarkson GO Station.

Fully tenanted by Clarkson Village Animal Hospital until October 2021, the Property offers stable in-place income with annual contractual rental escalations. Additionally, the Property has long-term assembly and redevelopment potential and is located steps from The Craftsman Residences development by Vandyk Group, a 4-storey, 292-unit residential development that is currently under construction. 

The Property is situated on the northside of Lakeshore Road West and approximately 1 km northeast of Southdown Road. The 11,000 sf lot offers 50 feet of frontage and is zoned Mainstreet Commercial (C4), which allows for a wide variety of commercial and low-density residential uses, with a maximum height allowance of 3-storeys (16 m). The C4 zoning is unique amongst the commercial zoning types and allows for a significant expansion in GFA on-site.