1229 bloor street west | toronto | on€¦ · toronto, on m2j 4w9 +1 416 777 2200 bloordale village...

FOR SALE 1229 Bloor Street West | Toronto | ON

Varun MahimkerSales RepresentativeO: +1 416 791 7264C: +1 647 939 [email protected]

Colliers International245 Yorkland Blvd, Suite 200

Toronto, ON M2J 4W9+1 416 777 2200

BLOORDALE VILLAGE

Excellent Mixed-Use Investment Opportunity for Sale in Toronto

Rare User/Investor Opportunity to own a 2,000 SF mixed-use building along Bloor Street West

Asking Price

$1,699,000

THE BUILDING1229 Bloor Street West is a 2-storey mixed-use building located steps from transit and future developments. The main floor of the property is currently being used as a small grocery store and restaurant selling Mexican and Latin American food and products. In addition, the property has one large three-bedroom residential apartment on the second floor and a smaller one bedroom unit in the basement. All tenants currently in place are there on a month-to-month basis. The property benefits from a brand new roof, a newly renovated basement apartment, a newly built patio/deck area for the second floor unit, and 2 parking spaces at the rear that can be accessed through a lane way via St. Clarens Avenue or Margueretta Street. The CR 3.0 zoning permits a wide variety of commercial and residential uses with the option to increase the FSI of the current structure if needed.

THE AREABloordale Village is an up and coming neighborhood sandwiched between Bloorcourt and the Junction Triangle. The area boasts a bustling nightlife scene as well as a collection of diverse restaurants serviced by TTC’s Bloor-Danforth Line. 1229 Bloor Street West is ideally situated along Bloor, as it is just minutes from Dufferin Mall, steps to Lansdowne Station, and a short subway ride to the downtown core. To the West of the property, GO Transit has proposed a new station at 1319 Bloor Street West on the Barrie line, which will connect Bloordale Village to Simcoe County in the north and leave it situated just one stop from Union Station to the south. The Bloor UP station currently provides a route for commuters to travel to Union or Pearson Airport in minutes.

THE OPPORTUNITY1229 Bloor Street West represents a unique opportunity for an investor or end user to acquire a mixed-use property located on a transit line. With none of the tenants locked into long-term leases, there is potential for a buyer to open or move over their existing business into the space with holding income to cover costs through the process. There also exists the opportunity for a buyer to renovate and re-lease the property to a long-term AAA tenant should they purchase the property with the intent of keeping it as an investment. In the years to come as developers continue to assemble street front units for future development, 1229 Bloor Street West is ideally situated just 2 properties from a corner.


Lansdowne Subway Station > 2 mins walk

UP Express Station > 10 mins walk

CR 3.0 Zoning

Close Proximity to Downtown Core

Walk Score91

Built-out Restaurant

Brand New Roof

Value Add Potential

LOCATION MAP


Dufferin Mall

GO Train Barrie Line

Keele Street

Dufferin Street

Dufferin

Lansdowne

Bloor Street W

Ossington Ave

Lansdowne Ave

Keele

Ossington

Dupont Street

Dundas West

GO Train Kitchener / UP

Dundas Street W

1229 Bloor Street

W

41

23

5

JUNCTION TRIANGLE

DUFFERIN GROVE

Bloor & Dovercourt• 990 Bloor Street West• 102 Units• Main and Main

LNX Condos • 2388 Dundas Street West• 375 Units• Lormal Homes

Bloor & Dundas• Bloor St W & Dundas St W• 236 Units• Trinity Development Group

Dundas & Bloor• 2280 Dundas Street West• 2606 Units• Choice Properties REIT

Bloor & Dufferin Condos• 1131 Bloor Street West• 2098 Units• Capital Developments & Metropia

1 53 42

Station Future

Station

Permitted Uses:Commercial

• Ambulance Depot• Art Gallery• Artist Studio• Automated Banking Machine• Community Centre• Courts of Law• Education Use• Financial Institution• Fire Hall• Library• Massage Therapy• Medical Office• Museum• Office• Park• Passenger Terminal• Performing Arts Studio• Personal Service Shop• Pet Services• Police Station• Post-Secondary School• Production Studio• Religious Education Use• Retail Store• Software Development and

Processing• Veterinary Hospital• Wellness Centre

Residential• Dwelling Unit in a permitted

building type in Clause 40.10.20.40

• Hospice Care Home• Nursing Home• Religious Residence• Residential Care Home• Respite Care Facility• Retirement Home• Student Residence

Uses with Conditions:Commercial

• Amusement Arcade (23, 47)• Cabaret (1)• Club (1)• Cogeneration Energy (56)• Custom Workshop (16)• Day Nursery (27)• Drive Through Facility (37)• Eating Establishment (1,33)• Entertainment Place of

Assembly (1, 46)• Funeral Home (24)• Hotel (4)• Laboratory (15)• Nightclub (2)• Outdoor Patio (21)• Outdoor Sales or Display (20)

• Place of Assembly (1, 29)• Place of Worship (40)• Private School (28)• Public Parking (7,8,9,10,11)• Public School (28)• Public Utility (54,57)• Recreation Use (1, 46)• Renewable Energy (56)• Retail Service (17)• Service Shop (6)• Sports Place of Assembly (46)• Take-out Eating Establishment (1)• Transportation Use (55)• Vehicle Dealership (26)• Vehicle Fuel Station (13,38)• Vehicle Service Shop (13,39)• Vehicle Washing Establishment

(25)

Residential• Crisis Care Shelter (43)• Group Home (30)• Home Occupation (45)• Municipal Shelter (31)• Private Home Daycare (44)• Rooming House (48)• Secondary Suite (58)• Seniors Community House (42)• Tourist Home (22)

[ City of Toronto By-law: 569-2013 ]

INVESTMENT HIGHLIGHTS

• Mixed-Use Investment Opportunity on Bloor

• Brand new roof, new back deck/patio

• Live/work opportunity for end-user

• Located just steps from Lansdowne Station on TTC Line 2

• Variety of uses under CR 3.0 zoning

PROPERTY INFORMATION

Size 1,959 SF

Site Area 1,775 SF

ImprovementsNew Roof (2019)New Deck (2017)Renovated basement unit (2019)

Zoning CR 3.0 (c1.0; r2.0) SS2 (x1556)

Current IncomeRetail3-bedroom1-bedroom

$2,000/month + utilities$1,600/month + utilities$900/month

Insurance $2,593

Property Taxes $12,410.80 (2018)

Lease Expiry Month to month

Asking Price

$1,699,000

COMMERCIAL RESIDENTIAL - CR 3.0 (C1.0; R2.0) SS2 (X1556)


FULL ZONING BYLAW: https://www.toronto.ca/zoning/bylaw_amendments/ZBL_NewProvision_Chapter40_10.htm

ADDITIONAL PHOTOS


Colliers International245 Yorkland Blvd, Suite 200

Toronto, ON M2J 4W9+1 416 777 2200

This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warran-ties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2019. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc.

Varun MahimkerSales RepresentativeO: +1 416 791 7264C: +1 647 939 [email protected]


1229 bloor street west | toronto | on€¦ · toronto, on m2j 4w9 +1 416 777 2200 bloordale village...

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