Carlton Street Commercial & Multifamily Portfolio
177 Carlton St, 210 Carlton St & 213 Carlton St Toronto , Ontario M5A 2L1
- Property size 10,622 ft2
Carlton Street Commercial & Multifamily Portfolio - mixed use for sale
2,637 - 10,622 ft2
Mixed use Sale/PurchaseContact us for price
Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) is pleased to offer for sale the Carlton Street Commercial & Multifamily Portfolio located at 177 Carlton Street, 210 Carlton Street and 213 Carlton Street (the “Portfolio”) in Toronto’s Downtown East locale. The Portfolio is being offered on an individual or collective basis.
- Rental Upside & Lease-Up Opportunity: 177 Carlton Street is fully occupied with below in-place rents, and offers rental income upside through re-leasing current below market rents upon turnover. 210 Carlton Street has undergone a recent modernization and is currently vacant, offering a purchaser the opportunity for strategic lease-up and stabilization.
- Strategic Owner-Occupier or Investor Opportunity: At 213 Carlton Street, a short-term lease provides significant cash flow in the near-term, while lower-level vacancy allows purchasers the opportunity to occupy or strategically lease-up this asset. Each level offers private access with full bathrooms and a kitchen, allowing owner-occupiers the flexibility to lease individual floors for additional income or for investors to attract multiple tenants with right-sized floorplates.
- Proximate to Academic Institutions and Ample Amenities: Featuring immediate street-level transit connectivity and offering walkable access to the University of Toronto, Ryerson University, OCAD, and many key amenities, the Portfolio is ideally suited for student-housing accommodation.
- Integrated City-Wide Connectivity: The Portfolio is situated within the rapidly gentrifying Downtown East locale, just 12 minutes northeast of Downtown Toronto and offers direct access to the TTC Streetcar and connectivity to the TTC Subway Yonge-University Line via College Station, and the TTC Subway Bloor-Danforth Line via Sherbourne Station.