PRIME DOWNTOWN INVESTMENT OPPORTUNITY · pizza nova college avenue spadina avenue spadina avenue...

PRIME DOWNTOWN INVESTMENT OPPORTUNITYCONFIDENTIAL INFORMATION MEMORANDUM

259COLLEGE STREET

THE OFFERING

INVESTMENT HIGHLIGHTS

CBRE Limited (“CBRE” or the “Advisor”) on behalf of 2625547 ONTARIO LTD. (“the Vendor”) is pleased to offer for sale 259 College Street (“the Property”), a highly coveted asset situated next to the corner of College Street and Spadina Avenue. The Property consists of 1,748 sq. ft. of ground floor commercial space, 2,389 sq. ft. of residential space over the second and third floors, as well as a 722 sq. ft. basement.

• One ground floor retail store with basement along with 3 large residential units

• This site is located amongst many high profile national tenants and is visible from the Spadina streetcar that services the entertainment district, financial core and the Rogers Centre

• Development potential

• Busy intersection with heavy vehicular and pedestrian traffic

• Next door to CampusOne TO, a 890 bed University of Toronto affiliated student residence building

• Neighbouring retailers and key traffic generators include Rexall, LCBO, McCafe, Chinatown, University of Toronto and Kensington Market

• 3 on-site parking spaces-see Data Room for further salient details on parking leases and encumbrances

SEALED BIDS DUE BEFORE 2 PM ON FEBRUARY 18th, 2020

1 | CONFIDENTIAL INFORMATION MEMORANDUM CONFIDENTIAL INFORMATION MEMORANDUM | 2

PROPERTY OVERVIEW

Land: 3,208 sq. ft.Frontage: 27.83 ft. Depth: 118 ft.

Leasable Area: Ground:Second:Third:Total:

1,784 sq. ft.1,771 sq. ft.618 sq. ft.4,173 sq. ft.

+basement: 722 sq. ft.

Zoning: CRE 3.0 (c2.0; r2.5) SS2 (x2363)

SPADINA AVENUE

COLLEGE STREET


GROUND | 1,784 sq. ft.

CO

LL

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E S

TR

EE

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THIRD | 618 sq. ft.

BASEMENT| 722 sq. ft.SECOND | 1,771 sq. ft.

259 College StreetToronto, Ontario

Canada

[email protected]

Tel: 1-877-963-2787

16/07/2019Prepared:

Measured:

Version:

1-877-402-4690Fax:

www.xmeasures.com

Client: 2625547 Ontario Inc

2625547 Ontario Inc

feet

0 4 8

This work product has been prepared by ExtremeMeasures Inc. pursuant to a contract with the Clientfor the sole benefit of and use by the Client. No thirdparty may rely on this work product without the receiptof a reliance letter from Extreme Measures Inc.

Floor B1

09/07/2019FP1A

UP

UP

19'-0"

19'-8"

8'-2"

17'-0"

22'-9"

CH=6'-0"(TYP.)

MECH/ELEC.ROOM

MECH/ELEC.ROOM

722 sq ftGross Leasable Area*

*Area determined according to:ANSI Z65.5-2010 Retail

Common Area*

449 sq ft


Canada

[email protected]

Tel: 1-877-963-2787

16/07/2019Prepared:

Measured:

Version:

1-877-402-4690Fax:

www.xmeasures.com


2625547 Ontario Inc

feet

0 4 8


Floor 02

09/07/2019FP1A

UP

DN

DN

UP

UP

DN

x9'-10"

11'-11"

15'-3"13'-7"

12'-10"

11'-9"

7'-4"

7'-4"

17'-11"

17'-1"

15'-2"

12'-8"

13'-4"

11'-8"

13'-4"

14'-11"

13'-6"

7'-6"

PATIO

12 3CH=8'-4" CH=10'-5"

*Area determined according to:ANSI Z65.4-2010 Residential

898 sq ft873 sq ft

27 sq ft

Unit 1 Area:Unit 2 Area:Unit 3 Area:

Living Unit Area*


Canada

[email protected]

Tel: 1-877-963-2787

16/07/2019Prepared:

Measured:

Version:

1-877-402-4690Fax:

www.xmeasures.com


2625547 Ontario Inc

UP

UP

UP

DN

DN

UP

x11'-6"

10'-9"

27'-3"16'-8"11'-5"

14'-9"

9'-0" 6'-11" 10'-11"18'-3"

21'-0"

21'-9"

19'-8"

25'-4"

9'-1"

ELEC.

DOORBLOCKED

CH=9'-5"CH=10'-0"

CH=8'-0"

(NOT INCLUDEDIN GROUND FLOOR GLA)

feet

0 4 8


Floor 01

09/07/2019FP1A

1,784 sq ftGross Leasable Area*

*Area determined according to:ANSI Z65.5-2010 Retail


Canada

[email protected]

Tel: 1-877-963-2787

16/07/2019Prepared:

Measured:

Version:

1-877-402-4690Fax:

www.xmeasures.com


2625547 Ontario Inc

feet

0 4 8


Floor 03

09/07/2019FP1A

DN

DN

x7'-7"

5'-2"

12'-11"

9'-11" 12'-2"

15'-1"

9'-9"

25'-5"

14'-7"

6'-0"

15'-0"

18'-8" 3

PATIO CH=9'-4"*Area determined according to:ANSI Z65.4-2010 Residential

Living Unit Area*

618 sq ft


LOCATION OVERVIEW259 College Street occupies a premier position next to the busy intersection of Spadina and College, where Chinatown, Kensington Market and the Uni-versity of Toronto meet.

CHINATOWNSpadina Avenue is a major north-west thoroughfare leading right into the heart downtown west. This section of Spadina is home to Chinatown, one of North America’s largest Chinatowns, and is packed with a diverse set of shops and restaurants covering a wide variety of Chinese and oth-er Asian cuisines. Foot traffic in Chinatown is heavy 24/7, attracting both locals and tourist alike.

KENSINGTON MARKETKensington Market, just west of Chinatown, is the bohemian heart of Canada, where you will find an abundance of independent stores, bars, vintage shops and authentic restaurants. The neighbourhood is one of the most unique, most photographed, and liveliest areas of the city. From May-October, the area goes car-free on every last Sunday of the month and the streets fill with pedestrians, music, street performers and food stalls.

UNIVERSITY OF TORONTOThe Property also greatly benefits from it’s proximity to the University of Toronto, one of the world’s top research-intensive universities. The St. George campus has a total of 61,690 students, many of which are on campus each day. Over 6,500 live directly on campus in one of 11 student residences. The retail environment on College Street caters to that of university students, and includes art supply stores, casual eateries and bars.

259COLLEGE STREET

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259 College Street

Subway Line

Streetcar Line


259COLLEGE STREET

QUEEN’S PARKSTATION

ST. PATRICK STATION

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SPADINASTREETCAR

CONNECTIVITY

98WALK SCORE

100TRANSIT SCORE

259 College Street occupies a premier position next to the corner of Spadina Avenue and College Street. Spadina Avenue is a prominent street in Toronto, running through the western section of Downtown. It has six lanes and features dedicated lanes for the 510 Spadina streetcar, providing direct access to the downtown core as well as the Spadina subway station on the Bloor-Danforth subway line.

The Property is also located directly on the east-west 506 College streetcar line. This streetcar provides quick access to Queen’s Park subway station, connecting the site to the Yonge University subway line in under 10 minutes.

COLLEGE STREETCAR

QUEENSTREETCAR

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University of Toronto Looking south down Spadina Avenue

Entrance to Kensington MarketNeighbouring Student HousingNeighbourhood Retail


Arlin Markowitz*Senior Vice President

416 815 2374 [email protected]

Alex Edmison*Senior Vice President


Jackson Turner**Associate Vice President


Teddy TaggartSales Represenative


*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.

CONTACTFor more information

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