for sale - jll size-2308_qse_is_1052… · floor and basement commercial space along with...
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For SaleThe Opportunity
2308 Queen Street East Toronto, ON
Elliot Medoff* Senior Vice President+1 416 238 [email protected]
Euan Darling*Assistant Vice President+1 416 238 [email protected]
Vasudevan Sadasivan * Sales Representative+ 1 647 466 [email protected]
*Sales Representative
Jones Lang LaSalle Real Estate Services Inc. (“JLL” and/or the “Advisor”) has been retained on an exclusive basis to offer for sale 2308 Queen Street East, Toronto (the “Property” and/or “2308 Queen St East”). The Property represents a unique opportunity to acquire a 100% freehold interest in a two (2) storey retail storefront in Toronto’s highly coveted The Beaches Neighbourhood. Recently vacated and cleared back to the brick and beam sub-structure, the Property provides investors and users with a blank canvas to complete a mixed-use development with a short-term project timeline.
Property Details
Building Area: 1,538 s.f.
Lot Area: 2,330 s.f.
Frontage: 29.5 ft.
Depth: 79 ft.
Zoning: MCR T2.0, C1.0, R2.0
Parking 1 Surface Stall
Official Plan: Mixed Use Area
Year Built: 1920
Asking Price: $975,000
Prestigious ‘Beaches’ Location
The Property is located in the east end of Toronto’s Beaches neighbourhood, one of the GTA’s most affluent and vibrant locales. ‘The Beaches’, bordered by Kingston Road to the north, Coxwell Avenue to the west, Victoria Park Avenue to the east and Lake Ontario to the south, is one of Toronto’s most sought-after residential neighborhoods. The surrounding neighborhoods here are dominated by up-scale detached housing, which are primarily served by commercial uses on Queen Street East.
This strip of Queen Street East has long been an established retail node with a variety of buildings occupied by restaurants, bars, cafés, clothing stores, and service providers. Other nearby amenities include Ashbridge’s Bay Park, Kew Gardens Park, and Woodbine Beach to the west, and the Toronto Hunt Club to the east.
The Property is less than a block east of the Queen Street East streetcar and bus stop at Silver Birch Avenue, which frequently services the area, and connects commuters to Queen Station west at Yonge Street or Woodbine Station to the north at Danforth Avenue. The Property is also approximately 2.7km from the Danforth GO Station to the north. Access to the Don Valley Parkway, Gardiner Expressway and Kingston Road are all within a short drive fromw the Property.
The property is a blank canvas/shell space. Approximately 920 square feet of Main floor and basement commercial space along with Approximately 620 square feet second floor and exterior deck residential makes it a perfect owner-user or investor opportunity. To drive value through the renovation of the property. Multiple entry points to the commercial and residential space is a value add. The property comes with one surface parking with a potential to add a second parking stall at the rear of the Property.
Salient Facts
Highlights• Blank canvas for near-term renovation works
• Attractive brick & beam structure with multiple design concepts
• Prominent exposure within Toronto’s Beaches neighbourhood
• Laneway access and private parking on-site
Queen Street East
Woodbine Avenue
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Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle. All rights reserved.
Offering Process
JLL has been exclusively retained by the Vendor to seek proposals to acquire the Properties. The Property is offered for sale at a price of $975,000 on an as-is, where-is basis, free and clear of debt. The Vendor’s objective is to maximize sale proceeds while preference will be given to offers with limited conditionality and timely closing. All inquiries regarding the Property should be directed to::
Vasudevan Sadasivan* Sales RepresentativeCapital Markets + 1 647 466 [email protected]
* Sales Representative
Elliot Medoff* Senior Vice President Capital Markets + 1 416 238 [email protected]
Euan Darling* Assistant Vice PresidentCapital Markets + 1 416 238 [email protected]
Main Floor Main Floor
Second FloorSecond Floor
Exterior Rear View