1880 O'Connor Dr - Office FOR SALE


Toronto, ON M4A 1W9- Victoria Village
$10,888,000 CAD
416-302-2775
1880 O'Connor Dr, Toronto, ON for Sale
$10,888,000 CAD
Office - FOR SALE
1/4
null | Request Cap Rate

1880 O'Connor Dr
Toronto, ON M4A 1W9
Victoria Village


HIGHLIGHTS

  • Located at the western edge of the Golden Mile Secondary Plan area, a key redevelopment zone in Toronto.
  • Presents a strong opportunity for end users with long-term hold and redevelopment potential.
  • Easy access. Accessible via road cuts from both O'Connor Drive and Bartley Drive.
  • Includes 38 parking stalls, a valuable feature in the area.

OVERVIEW

This six storey mixed-use office building was constructed in 1960 and significantly renovated in 2019. It offers 2,390 square foot office floor plates (12' ceilings) and 38 parking stalls, with the ground level having been used as a pharmacy and the first floor as a restaurant in the recent past. This presents a strong end user opportunity with significant longer term hold potential with 4 to 5 floors of office space plus the ground floor retail space. The property is accessible via road cuts both onto O'Connor Drive and Bartley Drive. The total building area is 18,461 square feet on a 16,458 square foot lot (0.38 acres). Ideally situated on the western edge of the Golden Mile Secondary Plan area (link), 1880 O'Connor Drive is gateway to the Golden Mile. The Golden Mile Secondary Plan is a City of Toronto Official Plan Amendment that sets a vision and planning framework for a major redevelopment of the Golden Mile area. 1880 O'Connor Drive also greatly benefits from the O'Connor Drive Reconfiguration Plan which may provide a valuable future investment opportunity. This property is situated in the 'key intersection' of the O'Connor Drive Avenue Area Study

FOR SALE DETAILS

PRICE

$10,888,000 CAD

PRICE/SF

$590 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

CR1

APN/PARCEL ID

190812104001300

ASK ABOUT THIS PROPERTY

Kevin TuttleCB Metropolitan Commercial LtdMore Info
416-302-2775

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Kevin TuttleCB Metropolitan Commercial LtdMore Info
416-302-2775

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.