9 ST.NICHOLAS STREET - Metropolitan Commercial Realty Inc

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The Yonge Street corridor continues its revitalization with the development of ... 9 ST.NICHOLAS STREET. TORONTO│ON. Ming Zee. Principal, Broker of ...
FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

THE OPPORTUNITY

A unique opportunity for an investor to purchase and occupy a 22,152 square foot heritage property located steps from the Wellesley Street subway station. The Yonge Street corridor continues its revitalization with the development of several new residential condominiums that also have substantial retail and office components. The property is currently fully leased with a NOI of approximately $220,000.

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

LOCATION

Just north of Wellesley St W and west of Yonge Street and steps to Wellesley subway station. SITE AREA

3,591 square feet (approximate) LOT DIMENSIONS

39.90 feet frontage x 90.00 feet depth (irregular) BUILDING AREA

22,152 square feet (approximate) BUILDING

• •

6-storey building. Floor plate of approximately 3,539 SF per floor.

EXISTING IMPROVEMENTS

• • • • •

Partially renovated 6 storey, concrete and brick building. Freight elevator at rear of building. 100% occupied with mix of studio and live/work tenants. Most tenants are on short leases or month-tomonth tenancies. Current Net Income of approximately $220,000.00

ASKING PRICE

$7,250,000.00 ($327 PSF Building)

PLEASE CONTACT

ZONING

CR 4.0 (c1.0; r4.0) SS1 (x2356) HERITAGE STATUS

• •

Designated Heritage Part IV List date March 15, 1974

THE OPPORTUNITY

• • • • •

Opportunity for a “user” to occupy the entire building. Develop property with construction of additional floors. Redevelop entire property into boutique hotel or office use. Improve existing building to generate higher rents. Retail development to tie into 5 St.Joseph condo retail units.

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

AREA MAP

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

ZONING MAP - CR 4.0 (c1.0; r4.0) SS1 (x2356)

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

BUILDING PLOT PLAN

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

GROUND FLOOR PLAN

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

TYPICAL FLOOR PLAN

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com

FOR SALE │ USER/INVESTMENT OPPORTUNITY

9 ST.NICHOLAS STREET TORONTO│ON

SURVEY PLAN

PLEASE CONTACT

Ming Zee Principal, Broker of Record 416.703.6621 Ext. 222 [email protected]

The information contained herein has been provided to Metropolitan Commercial Realty Inc. from sources deemed reliable and correct, however we do not warrant its accuracy or assume any responsibility or liability of any kind whatsoever with respect to the accuracy of the information contained herein. All persons are advised to independently verify the information. The information herein is subject to errors, omissions, change of price, rental or other conditions, prior sale or withdrawal at any time without notice. ¹ Sales Representative ² Broker

Commercial Realty Inc. Brokerage 626 King St W, Suite 302 Toronto, ON, M5R 1M7

metcomrealty.com