602 mount pleasant rd - metropolitan commercial realty inc ... · 22) 83 redpath ave 212 units 7)...

FOR SALE | END-USER OPPORTUNITY

602 MOUNT PLEASANT RDTORONTO, ON

INVESTMENT HIGHLIGHTS

The subject property is situated along a bustling retail node in Mount Pleasant Village, an affluent neighbourhood in midtown Toronto. Surrounding businesses include local retailers and service professionals, along with niche restaurants. The 2016 average household income in a three kilometer radius was $183,600, with a per capita income of $88,786 - both are well above the municipal and national averages. The property is in a densely populated transit friendly location, with close proximity to the new Mount Pleasant Crosstown LRT Station (2020).

The building has been recently upgraded and renovated with a client meeting space and showroom on the ground floor and private offices on the second floor. Current zoning permits a variety of retail and professional service uses.

The building is currently owner-occupied and presents a unique opportunity for an end-user the acquire the property, which includes 4 private parking spots, for their own business use.

INVESTMENT DETAILS

Zoning CR 3.0 (c2.0; r2.5)

Lot Size 1,885 SF

Frontage 16.26 Feet on Mount Pleasant Road

GFA 1,918 SF + 734 SF Finished Basement

Taxes $24,580.90

ASKING PRICE

$1,850,000

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1602 MOUNT PLEASANT ROAD | FOR SALE

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NEIGHBOURHOOD CHARACTERISTICS

The subject property, 602 Mount Pleasant Road, is situated along a major arterial road, the first major thoroughfare east of Yonge Street in the affluent neighbourhood of Mount Pleasant Village. The property is located a short distance from the major development node of bustling Yonge & Eglinton with over 10,000 new residential units currently in various stages of development. The area is a densely populated transit friendly location, with close proximity to the new Mount Pleasant Crosstown LRT Station (2020). The subject property is also within walking distance of both the Eglinton & Davisville Subway Stations.

Surrounding businesses include local retailers and service professionals, along with niche restaurants and cafes. The 2016 median household income in a three kilometer radius is well above the municipal and national averages.

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4*Source: CoStar, 2016 3km radius.

$183,600

AverageHousehold Income*

161,739

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TotalPopulation*

+5.14%

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Projected 5-YearPopulation Growth*

NEW MOUNT PLEASANT LRT STATION


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Eglinton Avenue West

Davisville Avenue

Soudan Avenue

Hillsdale Avenue East

Manor Road East

Manor Road East

Millwood Road

SubjectProperty


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1

23

4

56

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18YONGE ST

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DAVISVILLE DRIVE

EGLINTON AVE EAST

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28) Uovo Boutique67 Units

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30) J. Davis House191 Units

15) 305 Roehampton210 Units

31) 1951 Yonge450 Units

16) 55 Eglinton Ave E455 Units

32) 2221 Yonge 631 Units


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EGLINTON CROSSTOWN LRT

In September 2008, Metrolinx launched a regional transportation plan - The Big Move - a 25-year, $50 billion plan for coordinated, integrated transportation and transit in the Greater Toronto and Hamilton Area. One of the first wave of projects currently underway is the Eglinton Crosstown, which represents an investment of $5.3 billion (2010$) toward better transit in toronto.

The Crosstown is a light rail transit (LRT) line that will run across Eglinton Avenue between Mount Dennis (Weston Road and Kennedy Station. This 19-kilometer corridor will include a 10-kilometer underground portion, between Keele Street and Laird Drive.

Mount Pleasant will be an underground station located at the intersection of Mount Pleasant Road and Eglinton Avenue East. There will be on-street connections to TTC buses, as well as 30 outdoor bicycle parking spaces.

Fun Fact: The main entrance will fit inside the existing heritage building (once a bank and now retail space) on the northwest corner of Eglinton and Mount Pleasant Road. The interior will be repurposed to support transit usage.


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Connections.Built on

626 King St WestSuite 302Toronto, ONM5V1M7

416.703.6621

www.metcomrealty.com

CONTACT:

Urban Commercial Advisory Group

Amir Nourbakhsh* 416.703.6621 x252 [email protected]

Anthony Martino* 416.703.6621 x244 [email protected]

Jesse Roth* 416.703.6621 x243 [email protected]*Sales Representative

602 mount pleasant rd - metropolitan commercial realty inc ... · 22) 83 redpath ave 212 units 7)...

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