Descriptif

2323 & 2329 Yonge Street, Toronto, Ontario (the “Property”, “Site”) presents an opportunity to acquire a 100% interest in an institutionally owned and managed eight-storey office building and single-tenant retail asset with approved high-density residential redevelopment plans. Located in Midtown Toronto’s Yonge-Eglinton neighbourhood, the Property occupies a 0.48-acre corner lot at the intersection of Yonge Street and Roehampton Avenue, offering strategic proximity to the TTC’s Line 1 Yonge-University subway and recently completed Line 5 Eglinton LRT at Eglinton Station. Ownership has received approval of Zoning By-law and Official Plan amendments to permit a 65-storey residential development totaling 500,272 square feet ("sf") of residential gross floor area across 784 units, along with 10,744 sf of ground-level retail space. The Property offers a prospective purchaser meaningful income from a well-occupied, mixed-use asset at a premier Midtown location, with significant future residential redevelopment upside.

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