540 Richmond Street West, Toronto, ON, M5V 1Y4, CA

540 & 542 Richmond Street West

Attributes

Building area net

391 sm

Rentable area

372 sm

Zoning

CRE

Parking spaces

Description

The JLL Private Capital Group (“JLL”) is pleased to present the opportunity to acquire 540-542 Richmond Street West, a single tenant office building steps from the Richmond and Portland Street intersection in Downtown Toronto. The Property is comprised of 4,000 square feet (“SF”) of leasable area across three (3) storeys with up to eight (8) security gated parking stalls at the rear. Currently owner occupied, the building will be vacant upon closing allowing for turnkey occupancy or potential low to medium density development.

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Investment highlights

Premier Location - The Property is strategically situated on Richmond Street West, positioned between Portland Street and Maud Street, offering 43 FT of frontage in Toronto’s highly coveted Entertainment District
Owner-User Opportunity - Vacant possession of turnkey space, attractive for owner-users with endless amenities in the surrounding area including popular restaurants, bars, shopping, and parks
Transit-Oriented - The Site benefits from direct transit access serviced by TTC streetcar line 501 with a stop located approximately 100 meters north at the intersection of Queen Street West and Augusta Avenue. The Property is positioned to take advantage of the Ontario Line once completed
Redevelopment Potential - The Site is proximate the downtown core with low to medium development potential on the 4,209 SF lot. Perspective purchasers can explore further assembly potential of adjacent land parcels to capitalize on larger scale future infill development
Flexible Property Configuration - Property can be divided into 2 separate buildings, offering flexibility for potential user and investors