FOR SALE - CBRE Charlotte_St.pdf · 46 CHARLOTTE ST. TORONTO, ONTARIO FOR SALE. CENTRALLY LOCATED...

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MIXED USE DEVELOPMENT OPPORTUNITY KING ST W CHARLOTTE ST ADELAIDE ST W SPADINA AVE QUEEN ST W FRONT ST 46 CHARLOTTE ST. TORONTO, ONTARIO FOR SALE

Transcript of FOR SALE - CBRE Charlotte_St.pdf · 46 CHARLOTTE ST. TORONTO, ONTARIO FOR SALE. CENTRALLY LOCATED...

MIXED USE DEVELOPMENT OPPORTUNITY

KING ST W

CHARLOTTE ST

ADELAIDE ST W

SPADINA AVE

QUEEN ST W

FRONT ST

46 CHARLOTTE ST.TORONTO, ONTARIO

FOR SALE

CENTRALLY LOCATED

The Site benefits from proximity to a number of trendy restaurants and entertainment

establishments including TIFF

Bell Lighbox, Roy Thompson Hall and multiple theatres.

TRANSIT ACCESSIBILITY

The Site is located on the 510 Spadina Streetcar route and is

10 minutes from Union Station by both car and public transit, providing

connections to GO Transit and the UP

Express.

ACTIVE DEVELOPMENTS

Recently opened Nobu Residences and Wellington

House are achieving pricing per square foot ranging from

$900 to over $1,200.

Zoning by-law amendment and site plan application submitted for a 41-storey mixed use tower with 5 storeys of office, 216 residential units and 69 proposed underground parking spaces. The application results in a proposed gross floor area of approximately 158,000 square feet, resulting in a proposed density of 26.22 times coverage.

The application is at the Ontario Municipal Board with the pre-hearing having taken place in March 2017, and the official hearing scheduled for November 7, 2017.

Development Application

STOREYS

ACREAGE ±0.14 acres

FRONTAGE ±80 feet on Charlotte Street

DEPTH ±75 feet on Adelaide Street

OFFICIAL PLAN Downtown – Regeneration Areas

ZONINGCRE (x74) – Commercial Residential Employment

Site Exception 74

APPLICATION STATUSApplication at OMB — Case #PL161030Hearing scheduled for November 7, 2017

46 CHARLOTTE STREET

Conceptual Renderings

CHARLOTTE ST

ADELAIDE ST W

DEVELOPMENT OPENINGUNIT SIZES

(SF) UNIT PRICES PSF RANGE STOREYSUNITS

(SOLD %)

Nobu Residences by Madison Group May-17 417 to 1,091 $424,900 to $1,339,900 $904 to $1,228 45 660

Wellington House by Lamb Development Apr-17 475 to 2,546 $493,900 to $2,407,900 $940 to $1,040 22 124 (94%)

Waterworks by Mod/Woodcliffe Landmark Nov-16 477 to 1,616 $385,000 to $1,750,000 $624 to $1,083 13 289 (90%)

James by Lamb Development Oct-15 460 to 2,659 $281,900 to $2,500,000 $613 to $940 18 135 (78%)

330 Richmond by Greenpark Homes Sep-15 350 to 1,406 $319,900 to $1,137,900 $649 to $914 25 310 (98%)

Bisha by Lifetime Developments Aug-10 379 to 1,550 $308,900 to $1,704,900 $707 to $1,100 44 355 (92%)

% Sold not released

(RealNet, 2017)

UNITS

YONG

E ST

REET

QEW

427

401

407

400

11

319

404

© 2017 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness,completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID:L08 MapId:4713865

504

501

ST. LAWRENCE MARKET

UNIVERSITY OF TORONTO

RYERSON UNIVERSITY

EATON’S CENTRE

Subway Stop

Streetcar Route

Subway Route

510

503

CN TOWER

ROGERS CENTRE

UNION STATION

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Amenities & Active Developments

*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 projections, 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. Mapping Sources: Google Earth 07/17

QUEEN ST WQUEEN ST W

KING ST W

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Lauren Doughty* Vice President416 495 6223 [email protected]

Mike Czestochowski* Executive Vice President416 495 6257 [email protected]

Ian Hunt* Vice President416 495 6268 [email protected]

Jason Child* Vice President416 495 6249 [email protected]

*Sales Representative **Broker

CBRE LIMITED · 2005 Sheppard Avenue East · Suite 800 · Toronto, ON, M2J 5B4

Offer Submission Date: Wednesday, August 9, 2017 by 12pm EST

Confidentiality AgreementPotential purchasers that require access to the online document centre are to complete the Confidentiality Agreement and return it to: [email protected]

Document Centre• Architectural, Landscape, Grading &

Servicing Plans• Floor Plans• Geotechnical & Geohydrology Studies• Staff Reports & OMB Documents• Survey• Traffic Study• Zoning By-law Amendment• Site Plan Application

Offer SubmissionsAll offers are requested to be submitted to: Lauren Doughty [email protected] CBRE Limited 2005 Sheppard Avenue East Suite 800Toronto, ON · M2J 5B4

Offering Process