1564-68 Yonge Street

1564-68 Yonge Street Toronto , Ontario M4T 1Z7
  • Property Size (ft2): 4,812

1564-68 Yonge Street - Alternatives for sale

  • Type: Alternatives
  • Deal type: Sale / Purchase
  • Space Available (ft2): 4,812
  • Price ($USD): Contact Us

Jones Lang LaSalle Real Estate Services Inc. (“JLL” and/or the “Advisor”) has been exclusively retained by Retco Properties (the “Vendor”) to offer for sale a 100% freehold interest in a mixed-use commercial building municipally known as 1564- 68 Yonge Street & 1 Heath Street West in the City of Toronto (“1566 Yonge Street” and/or the “Property”). The Property occupies the south west corner of Yonge Street & Heath Street West, two blocks south of the Yonge & St. Clair intersection, and offers a total land area of 4,352 SF. The Property is improved with a two-and-a-half-storey, 4,812 SF structure offering ground floor retail and second floor flex office space.

Occupied by eight (8) commercial tenants with longstanding, continuous occupational tenures in the Property, 1566 Yonge Street offers a rare opportunity to acquire a fully leased streetfront commercial asset with significant Yonge Street frontage. 1566 Yonge Street offers investors with a significant opportunity to maximize density under the in-place zoning. There are limited restrictions on lot coverage, maximum height and setbacks due to the Property’s corner location and Commercial-Residential zoning, allowing for up to an additional 13,684 SF of commercial and/or residential space and a maximum building height of nine (9) storeys. The Property additionally offers significant on-site parking with twelve (12) surface parking stalls accessible from Heath Street West.

Amenities


Properties:
Net Rentable Area (NRA): 4,352 SF
Occupancy: 100%
Parking: ~12 stalls
In-Place NOI: $232,000 per annum

Site:
Site Area: 0.10 AC (4,812 SF)
Frontage: 40 x 107 ft.
Zoning: CR 4.0 (c2.0, r3.0)
Official Plan: Mixed-Use Area

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