955-957 Bloor St - Storefront Retail/Residential FOR SALE


Toronto, ON M6H 1L7- Little Italy/Trinity-Bellwoods
$6,500,000 CAD
416-451-8757
955-957 Bloor St, Toronto, ON for Sale
$6,500,000 CAD
Storefront Retail/Residential - FOR SALE
1/4
null | Request Cap Rate


HIGHLIGHTS

  • Newly enacted Zoning By-Law: Identifies the site for a maximum height of 6-storeys, and a maximum floor space index of 3.84 - an additional 3-storeys.
  • Massive Visibility: Nearly 150 feet of wrap-around frontage on a high-traffic corner, perfect for a signature brand presence.
  • Flexible Footprint: We can offer a contiguous block of up to perhaps 4,000 sq. ft. (Ground + Basement) or a curated smaller footprint.
  • The "Parking" Unicorn: The site includes 4 dedicated boulevard parking spaces —a feature that is virtually non-existent for retail on Bloor West.
  • Excellent Transit Access: Located just 70 meters from the Ossington Subway entrance, ensuring high customer convenience and easy staffing.
  • Arrival of Piano Piano in early 2025 as a neighbour validates the possibilities of the local market - presents synergistic hospitality opportunities.

OVERVIEW

The two buildings anchor the south-west corner of Bloor Street West and Delaware Avenue, just steps to the TTC subway, Ossington Station, Delaware entrance directly across the street. Together 955 & 957 Bloor St. West provide a contiguous parcel with Bloor Street frontage of 49.8 feet and total lot area of 5,005.22 SF. Combined, the properties provide eight residential units on floors 2 & 3 and at street level, fronting Bloor Street, two commercial-retail units with full basements. Permitted boulevard parking provides four spaces along Delaware Avenue. The month to month lease terms of both street level commercial units provides opportunity to conjoin the units, refurbish the retail space, upgrade the tenant and rent reflecting the larger and updated space, showcasing the high-visibility corner exposure. REDEVELOPMENT OPPORTUNITY | DENSITY INFILL | TOP UP POTENTIAL - Available for immediate enactment or as a future value-add exit plan. o Newly Enacted Zoning: By-Law identifies the site for a maximum height of 6-storeys, and a maximum floor space index (FSI) of 3.85. o An Additional 3-Storeys: To building height is permitted. This provides potential reconfiguration of the building to accommodate permitted residential and commercial retail uses to maximum height 20 meters (65.6 ft.). WHY THIS LOCATION WORKS o Massive Visibility: Nearly 150 feet of wrap-around frontage on a high-traffic corner, perfect for a signature brand presence. o Excellent Transit Access: Located just 70-meters from the Ossington Subway entrance, (Delaware Ave.) benefits tenants by providing employees and customers’ easy access. o The "Parking Unicorn”: The site includes 4-dedicated boulevard parking spaces – (under a City Boulevard Agreement) a feature that is virtually non-existent for retail on Bloor West - or with possibility to convert to outdoor patio - subject to municipal approval. o Flexible Footprint: We can offer a contiguous block of up to perhaps 4,000 sq. ft. (Ground + Basement) or a curated smaller footprint depending on requirements. o Synergistic Opportunities: As the "Ossington Effect" continues to move north and west, this corner is positioned to be the neighborhood’s next landmark. The arrival of Piano Piano in early 2025 as a neighbour at 1006 Bloor St W - a 3-minute (230M) walk, validates the gentrification of the local market and indicates opportunities for a new hospitality entry at 955-957 Bloor St W.

FOR SALE DETAILS

PRICE

$6,500,000 CAD

PRICE/SF

$728 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,977 SF

ZONING

CR

APN/PARCEL ID

CUSTOM-4595321,CUSTOM-4704652

ASK ABOUT THIS PROPERTY

Neil WarshafskyRoyal LePage Real Estate ServicesMore Info
416-451-8757

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Neil WarshafskyRoyal LePage Real Estate ServicesMore Info
416-451-8757

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