2-8 BIRCH AVENUE AND 1198–1210 YONGE STREET (the “Property”, the “Site”) represents an exceptional opportunity to acquire a 100% freehold interest in a high-profile, 0.26-acre corner property in the Rosedale-Summerhill neighbourhood of Toronto. Situated at the intersection of Yonge Street and Birch Avenue, across from the landmark North Toronto Station flagship LCBO, the Site is currently improved with a series of buildings totalling 19,393 square feet (“sf”), which are occupied by retail and residential tenants. The Property is ideally suited for a mid-rise development, comprising high-end commercial density at grade and ultra-luxury residential, office or hotel above, fronting on a bustling section of Yonge Street, which reflects the type of intensification that is highly encouraged by the City of Toronto. The area surrounding the Property has witnessed increased residential development activity in recent years, owing to its immediate accessibility to world-class amenities, transit and services. A significant added benefit of the Property is the attractive income that it generates from its residential units and mix of popular retail tenants. The current leases are structured to allow near-term development.
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