Being offered for the first time in over 60 years, 971 Bloor Street West presents a unique opportunity for an end-user or value-add investor to acquire a prime streetfront property in the heart of the Bloorcourt Village neighbourhood of Toronto situated in close proximity to Ossington Station on the Line 2 Bloor–Danforth subway line. The area has established itself as one of Toronto’s hottest neighborhoods for trendy restaurants, bars, and art galleries. Only 500 metres west of the subject property, the Bloor St W & Dufferin St intersection is undergoing substantial residential and commercial intensification.
The subject property is improved with a two-storey mixed-use building totaling 2,750 SF. The main floor unit (1,800 SF) is currently owner-occupied as a natural health food specialty store. The second level (950 SF) is comprised of a two bedroom plus den residential apartment currently rented for $3,000 per month. Given the retail unit will be vacant on closing, the offering presents an excellent opportunity for an end-user occupy the premises for their own business purposes or an investor to capitalize on the rental growth of the area and increase the operating income.
Zoning allows for a variety of commercial uses.