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

459 Roncesvalles Ave

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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Caractéristiques de l'actif

Surface de l'actif Net

158 m²

Taille du terrain Brut

146 m²

Loyer PSF

21,83 €

Zone d'activité

CR 3.0

Média

Points clés d'investissement

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.