459 Roncesvalles Avenue, Toronto, ON, M6R 2N4, CA

459 Roncesvalles Ave

Asset description

Jones Lang LaSalle Real Estate Services, Inc. (hereinafter referred to as "JLL" and/or the "Advisor") is pleased to present an opportunity to acquire 459 Roncesvalles Avenue (the "Property" or "Site"), a 1,700 square foot ("SF") commercial retail and residential asset. The Property offers 16 feet ("FT") of frontage on Roncesvalles Avenue, with direct access to high-order transit, positioned just 500 meters south of the Dundas Street West TTC and Bloor GO station.

The Property offers an opportunity to acquire an asset with in-place holding income and near-term rental upside. The currently vacant retail unit offers a value-add opportunity for investors, or the ability for owner-users to take possession of the 850 SF premises. The Site's strategic position within the desirable Roncesvalles neighbourhood presents a land bank opportunity, offering future redevelopment potential through the assembly of adjacent plots of land.

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Attributes

Building area net

158 sm

Land area gross

146 sm

Rent PSF

CA$35.00

Zoning

CR 3.0

Media

Investment highlights

Premier location Situated in the highly desirable Roncesvalles neighbourhood, the Property offers excellent visibility and exposure just steps from the Bloor Street West & Dundas Street West intersection.

Owner-user opportunity Vacant 850 SF retail unit in turnkey condition, offering an excellent opportunity for owner-users to modify the space for their own use with limited CAPEX required.

Secure holding Income The Property offers secure in-place holding income with value-add potential through the lease-up of the vacant retail unit.

Transit Oriented The Site benefits from direct access to higher-order transit, located less than 500M from the Dundas Street West TTC & Bloor GO stations.

Intensifying area The Roncesvalles neighbourhood is experiencing raid intensification, with more than 3,998 multi residential units either planned or under construction as of Q2-2024. With a myriad of local amenities including shops, restaurants and green spaces, the locale is primed for continued intensification.