2555 FOR SALE YONGE - Toronto Urban Retail...

2555 YONGE STREET | FOR SALE

2555 YONGE

EXISTING PROPERTY:LEASABLE SQUARE FOOTAGE

PROPERTY DETAILS:

POTENTIAL REDEVELOPMENTLEASABLE SQUARE FOOTAGE:

PRICE: $6,500,000

BASEMENT:GROUND FLOOR:SECOND FLOOR:TOTAL SIZE:

1,706 sq.ft. 1,682 sq.ft.1,643 sq.ft.5,031 sq.ft.

LOT SIZE:FRONTAGE:DEPTH:

4,160 sq.ft.32 ft.

130 ft.

PROPERTY TAXES: $66,646.31 (2018)

ZONING: MCR T3.0 C2.0 R2.5 (Mixed-Use District, Commercial Residential)

BASEMENT:GROUND FLOOR:SECOND FLOOR:THIRD FLOOR:FOURTH FLOOR: TOTAL SIZE:

4,100 sq.ft.4,100 sq.ft.4,100 sq.ft.4,100 sq.ft.4,100 sq.ft.

20,500 sq.ft.

EXCELLENT VISIBILITY ON BOTH YONGE STREET AND SHERWOOD AVENUE

2555 Yonge Street (The Property) is located in the highly centralized Yonge & Eglinton node, on the south-east corner of Yonge Street and Sherwood Avenue.

2555 Yonge Street offers an opportunity to investors, owner users and developers. The owner can occupy the building as-is today while benefiting from a large surface parking area, the investor can lease it up as-is while considering an addition, while the developer may contemplate tearing down the building and redeveloping a new mixed-use building on strategic lands with intrinsic long term assemblage value.

PROPERTY OVERVIEW

INVESTMENT HIGHLIGHTS

1. 3.

4.2.


YONGE + EGLINTON FREE STANDING CORNER PROPERTY

SURROUNDED BY MASSIVE DENSITY IN EVERY DIRECTION

TRANSIT ADJACENT

RETAIL REDEVELOPMENT OPPORTUNITY

With 32 ft. of frontage, 2555 Yonge Street offers an investor a prime urban retail asset in a leading edge retail destination. Leading node retailers include Sephora, Club Monaco, SportChek, Best Buy, Lulu-lemon, The Gap and many more.

The Yonge and Eglinton node is highly central and among Toronto’s most rapidly expanding markets. There are 18 condominium projects currently in the pre-construction/construction phase, totaling more than 8,000 units.

2555 Yonge Street is located within a few minutes walk to Eglinton subway station, the fifth bus-iest station in the city. The station services the Yonge-University subway line, 10 bus routes and in the near future the new Eglinton Crosstown line.

Rare development opportunity offers the developer the potential to develop approx-imately 20,500 sq. ft. to an attractive yield and create a core asset.

The Property occupies a highly centralized location in Toronto, strategically positioned along Yonge Street, north of Eglinton on the corner of Yonge Street & Sherwood Avenue. Yonge Street is Toronto’s most heavily trafficked arterial roadway, providing excellent exposure for retailers in the node. Yonge and Eglinton is also one of the most well-connected areas in the city serviced by the Yonge subway line, buses, and the future Eglinton Crosstown LRT line.

The area is surrounded by well-established affluent neighbourhoods of families with disposable income and in one of the most active condominium markets in Canada. New developments along both Yonge Street and Eglinton continue to attract top national brands to the area. Overall, the Yonge and Eglinton node is a highly coveted retail location, supported by unprecedented residential development in a transit oriented node.

2555 YONGE

Future Eglinton CrosstownEGLINTONSUBWAY STATION

Yonge Subway Line

DAVISVILLESUBWAY STATION

TRAFFIC COUNT

47,084 (24H)

81,480 (24H)


LOCATION OVERVIEWYONGE + EGLINTON


2555 YONGE

YO N G E ST R E E T

YON

GE STREET

1 3 0 f t .

3 2 f t .

SEPHORAWINNERS

REXALL

YONGEEGLINTON

CENTRE CINEPLEX

INDIGO

URBAN OUTFITTERS

RBC

THE HEALTH STATIONBEST BUY

BEDDINGTON’S

SPORTING LIFEH&R BLOCK

CIBO WINE BARTOMMY BAHAMA

THE CAPITAL THEATREPURE + SIMPLE

KIEHL’SM FOR MENDOCINO

CASALIFE

LULULEMON

SUSHI SHOPLITTLE PARTY SHOP

THE BAGEL HOUSEGAP

PET VALUCANOPY BLUE

TIOSCOOKERY

UNCLE BETTY’S

SECOND CUP COFFE CO.BLO BLOW DRY BAR

CLUB MONACOBENEFIT BEAUTY BAR

BLUEBOHOCIVELLO

CANON BLACK

STARBUCKSSAJE NATURAL WELLNESS

DUFFLETBLUNDSTONE

FUZZ WAXBARBLYTH ACADEMY

ROOTS

DUKEOF KENTPARAMOUNTSOFT MOCMAD RADISH

SEC

ON

D

CU

P

JJ BE

AN

KIN

TON

RA

MEN

FRES

HLA

CA

RN

ITA

CHIPOTLEBELLSOLUTIONSSHOPPERS DRUG MART

TIM HORTONS

DAVID’S TEANOAH’SFRESHIIWINE RACKSTARBUCKSTD BANKTOUHENBOKU RAMEN

THE TEN SPOTVIRGIN MOBILE

OLLIE QUINNSPORT CHEKBYBLOS UPTOWNHIGHER GROUNDGREENHOUSE JUICE2555 YONGE STREET

FRUIT MARKET

RESIDENTIALSPIN CO.

WANT APOTHECARYROBBIE BROWNFLOOR PLAY SOCKSL’OCCITANECARBONTIM HORTON’S

A&WRUNNING ROOM

GAPREVITALIZE

THE CAPTAINS BOIL

MILKCOW CAFE

SPORTING LIFE

PURE + SIMPLEGRAZIE RISTORANTE

BANH MI BOYS MAZZ SALON

THE SHOE COMPANY

ROEHAMPTON AVENUE

BROADWAY AVENUE

ERSKINE AVENUE

ROSELAWN AVE

KEEWATIN AVENUE

SHERWOOD AVE

SHELDRAKE BLVD

BLYTHWOOD RD

CRAIGHURST AVE

LYTTON BLVD

ST.CLEMENTS AVE

CASTLEFIELD AVE

BRIAR HILL AVENUE

ST.CLEMENTSPARKETTE

EGLINTON AVENUE EASTEGLINTON AVENUE WEST

MONTGOMERY AVE

HELENDALE AVE

ORCHARD VIEW BLVD

YO

NG

E ST

REE

T

ALBERTUS AVENUE

2555 YONGE

NEIGHBOURINGTENANTS


12

3 4

5

6

7

8 9101112

13

14

17

15

16

AREA DEVELOPMENTS


Development Number of Units

Status

1 150 Eglinton Ave E 429 Pre-Construction

2 150 Redpath Ave 543 Under Construction

3 E2 at E Place 617 Pre-Construction

4 89 Roehampton Ave 233 Pre-Construction

5 Whitehaus Condo 366 Under Construction

6 Montgomery Square 233 Under Construction

7 100 Broadway Ave 319 Pre-Construction

8 CityLights on Broadway 769 Under Construction

9 Line 5 Condos 932 Pre-Construction

10 Redpath + Broadway 340 Pre-Construction

11 75 Broadway Avenue 336 Pre-Construction

12 55 Broadway Avenue 777 Pre-Construction

13 E Condos 854 Under Construction

14 18 Erskine Avenue 315 Under Construction

15 2444 Yonge Street 637 Pre-Construction



Total: ~8,090

WHITEHAUS CONDO

18 ERSKINE AVENUE E CONDOS

Average Household Income*

Population*

Population Change (2018-2023)*

Median Age*

$208,747

176,751

5.1%

40.3

DEMOGRAPHICS

*Within 3 km of the Subject Property (2018) 2555 YONGE STREET | FOR SALE

DEMOGRAPHIC OVERVIEWToronto is experiencing significant growth through urbanization and immigration. It is the largest city in Canada and the fourth largest city in North America, supporting a total population of 6.4M.

The primary trade area for the Property is considered to be within a 3.0 km radius, comprising more than 176,000 residents and projected to increase by 5.1% by 2023. The Yonge & Eglinton area features an exceptional demographic profile consisting predominately of young, dual income professional families with high levels of disposable income residing in single family dwellings. Within the Yonge & Eglinton node, 88% of residents possess a post-secondary degree, 19.0% greater than the Toronto average. Overall, the primary trade area displays exceptional income charac-teristics featuring an average annual income of $208,747 (2018) and projected to grow to $225,883 by 2023, demonstrating high levels of disposable income and providing an excellent pool of local retail expenditures.

The Property also occupies a centralized position amongst some of Toronto’s wealthiest residential neighbourhoods including Forest Hill, Lawrence Park, Lytton Park and Rosedale; which feature Toronto’s leading household income characteristics.

The area continues to benefit from unprecedented growth in the immediate vicinity, generated by new condominium developments along Yonge Street and Eglinton Avenue, which are drastically increasing the popu-lation density in the node. Overall, the total population within 1.0 km of the Property is projected to increased by 9.7% from 2018-2023, providing a larger captive population base and vastly increasing local retail expenditures.

29'-1034"

54'-3

1 2"

26'-3"

22'-8"

PROJECT: DRAWN BY: CHECKED BY:

DATE SITE DATE DRAWN:

PROJECT #: SCALE: NTS

FLOOR: B UNIT #: 1

MEASURED:

COMPANY:

2555 Yonge Street, Toronto KW KO

416-896-7526ONTARIO CORP.,

MEASURE MASTERS

ANSI/BOMA Z65.5-2010,RETAIL BUILDINGS STANDARD OF MEASUREMENT June 2019 June 2019

Floor B Area: 1,706 SF

8'-8"

24'-6

3 16"

10'-3"

8'-1"9'-4"

24'-6

3 16"

16'-9"

18'-2

"

3'-1

1"

3'-1

1"

6'-4"

13'-1"16'-9"

12'-1

"

14'-1138"

8'-1

34"

15'-058"




FLOOR: 2 UNIT #: 1

MEASURED:

COMPANY:



MEASURE MASTERS


Floor 2 Area: 1,643 SF 2555 YONGE STREET | FOR SALE

PROPERTY FLOOR PLANS

GROUND FLOOR SECOND FLOOR BASEMENT

SH

ER

WO

OD

AV

EN

UE

SH

ER

WO

OD

AV

EN

UE

SH

ER

WO

OD

AV

EN

UE

YONGE STREET YONGE STREET YONGE STREET

22'-11"

37'-0

"

30'-2"

26'-8

"

31'-10"

17'-9

"

7'-10"

11'-434"




FLOOR: 1 UNIT #: 1

AREA: 1,682 SF

MEASURED:

COMPANY:



MEASURE MASTERS


1,682 SF 1,643 SF 1,706 SF

2555 YONGE

BASEMENT:GROUND FLOOR:SECOND FLOOR:TOTAL SIZE:

1,706 sq.ft. 1,682 sq.ft.1,643 sq.ft.5,031 sq.ft.

ARLIN MARKOWITZ*Senior Vice President

416 815 2374 [email protected]

MARIO NEGRIS*Executive Vice President


JACKSON TURNER**Senior Sales Associate


*Sales Representative**Broker

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any pro-jections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.

CONTACT

TEDDY TAGGARTSales Representative


ALEX EDMISON*Vice President


2555 FOR SALE YONGE - Toronto Urban Retail...

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