The Mews of Carleton Place, Carleton Place, ON
110 Lansdowne Avenue, Carleton Place, ON, K7C 2T7, CA
7,702 sm
Description
Jones Lang LaSalle Real Estate Services Inc. (“JLL”) is pleased to offer for sale a 100% interest in 577 Yonge Street (the “Property”). This offering represents a rare opportunity to acquire a best-in-class
and recently retrofitted mixed-use commercial building comprising 21,670 square feet (“SF”) of gross leasable area on income producing covered land, steps from the rapidly developing and transit-oriented Yonge & Wellesley intersection in Downtown Toronto. The Property is fully leased and immediately cash flowing, generating significant income from a complementary set of tenants across the
hospitality, entertainment, and technology sectors, with a weighted average lease term of 5.4 years.
Situated on Yonge Street — one of Toronto’s most prominent and high-traffic corridors – the Property controls a substantial future mixed-use development opportunity. The site is surrounded by notable landmarks and amenities, benefits from excellent transit access, and sits at the centre of the University of Toronto, Toronto Metropolitan University, and Yorkville.
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Attributes
Building area net
1,984 sm
Year built
1890
Land area gross
501 sm
Media
Investment highlights
- Prime location on Yonge Street in Toronto's bustling retail corridor
- Large building area of 21,360 sqft accommodates diverse retail uses
- Strong cash flow potential with high foot traffic and visibility
- Historic charm from 1890 offers unique tenant appeal
- Land area of 5,390 sqft provides strategic footprint in dense urban area
- Below replacement cost investment opportunity with value-add prospects
- Tight market conditions ensure steady appreciation and demand growth
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577 Yonge Street (0 Properties)
