910 Bloor St WEND-USER OPPORTUNITY
|Location||North side of Bloor Street West, west of Ossington Avenue|
|Building Area||1,896 SF|
|Site Area||1,636.11 (16.40ft Frontage x 100.00ft Depth)|
|Sale Price||$ 1,995,000|
|NOI||$ 77,358.94 (2022 Pro-Forma)|
910 Bloor Street West presents a unique opportunity for an end-user or value-add investor to acquire a prime street front property in the heart of the Bloorcourt Village neighbourhood of Toronto situated adjacent to Ossington Station on the Line 2 Bloor–Danforth subway line. The area has established itself as one of Toronto’s hottest neighbourhoods for trendy restaurants, bars, and art galleries. Only 750 metres from the subject property, the Bloor St W & Dufferin St intersection is undergoing substantial residential and commercial densification.
The subject property is improved with a three-storey mixed-use building totalling 1,896 SF. The main floor unit (848 SF) is currently occupied by one ground floor commercial tenant – NKD Wax & Threading Studio – with a lease in-place until September 30th, 2022, but can be vacated with 6-months prior written notice. The second level (1,048 SF) is a spacious 3-bedroom residential apartment, which will be vacant as of December 1, 2021.
Given the short-term nature of the leases, the offering presents an excellent opportunity for an end-user to 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.
- Ming Zee
- President, Broker of Record
- 416.703.6621 x222