SOLD: 539-541 Parliament
539-541 Parliament Street Toronto , Ontario 

SOLD: 539-541 Parliament - alternatives for sale

0.22 ac
Alternatives Sale/Purchase
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539-541  Parliament  Street  (the  “Property)  represents  a  rare  opportunity  to  acquire  a  100%  occupied  freehold  interest  in  a  prominent  corner  urban  streetfront  property  fully  leased  to  Rexall/Pharma Plus Pharmacies Ltd. until November 30th, 2032. This institutionally owned and managed asset benefits from a land area of 9,578 SF located at the corner of Parliament Street and Winchester Avenue, in the heart of Toronto’s Cabbagetown Neighbourhood. The  Property  offers  a  best-in-class  investment  opportunity,  with  a  long  term  lease  to  a  AAA  covenant  tenant,  in  addition  to  offering  near-term  income  upside  through  a  forthcoming  contractual rental escalation. The large corner lot provides for significant future repositioning or redevelopment potential, with site dimensions and existing as-of-right zoning offering favorable conditions for the creation of additional future density.