230 Browns Line - Storefront Retail/Office FOR SALE


Toronto, ON M8W 3T4- Alderwood
$6,750,000 CAD
416-649-5914
230 Browns Line, Toronto, ON for Sale
$6,750,000 CAD
Storefront Retail/Office - FOR SALE
1/2
null | Request Cap Rate

NEW


230 Browns Line
Toronto, ON M8W 3T4
Alderwood


OVERVIEW

Lennard Commercial Realty, Brokerage (the “Advisors”) has been retained on an exclusive basis by 2442530 Ontario Inc. (the “Vendor”) to offer for sale and for lease a freestanding medical/office building located at 230 Browns Line, Etobicoke, ON (the “Property”). The offering represents an opportunity to acquire or lease a ±14,500 SF (including usable lower level) building on 1.14 acres with tremendous redevelopment potential. The Property was formerly leased to a pharmacy and the renowned Galea Clinic with both leases recently expiring. The asset is perfect for a User seeking to acquire/lease a unique building for their own business operation which also has significant density upside. After preliminary consultation meetings with the City, it has been established that approximately 89,500 SF of mixed-use GFA would likely be supported on site. The Property is comprised of two floors above grade with a fully built out and usable level below grade. The building sits on a unique piece of land that provides for excellent visibility and frontage with a staggering 662 feet of depth. The vast amount of land at the rear of the building allows for a significant amount of parking, along with green space that can be used for potential expansion and/or outdoor activities by the future owner/tenant of the Property. The asset is located within the growing Alderwood neighborhood in Etobicoke. It benefits from excellent connectivity with its close proximity to the Gardiner Expressway/QEW/Hwy 427 interchange which can be accessed directly from Browns Line. It is also within 1 km of the Long Branch GO Station and within a short walk from multiple TTC bus stops.

FOR SALE DETAILS

PRICE

$6,750,000 CAD

PRICE/SF

$466 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

CR

APN/PARCEL ID

191901214003100

ASK ABOUT THIS PROPERTY

Richard ShouldiceLennard Commercial RealtyMore Info
416-649-5914

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Richard ShouldiceLennard Commercial RealtyMore Info
416-649-5914

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