Prime Muskoka Commercial Property! Investors / End Users / Live & Work! 11 acres with 700ft frontage Windermere & Raymond Road (Muskoka Lakes) High visibility. Year-round tra c! 3000 SF commercial building incl 1000 SF 2-bay auto repair shop with 2023 clean ESA parking for 35 cars! Plus 1000 SF renovated 3 bedroom bungalow! Zoning allows for multiple uses including Cannabis retail!
Expressway. High traffic artery. Located on public transit route. C-6 zoning allows for a variety of permitted uses some of which include tradesman and contractor’s establishment, commercial parking facility, convenience retail, repair service and more. Utilities located at the street.
Summa
on our expertise and commitment to service. That affords you the ability to spend your valuable time pursuing you own interests. You can be comfortable in the knowledge that the problems and issues of property management are receiving prompt attention and action.
Our in-house accounting department utilizes professional accounting software to produce monthly financial statements to suit your needs, administration for letters and memos to tenants, and additional managers to service your units as needed.
If you are looking for a motivated, professional organization that understands the real estate management business, Summa Property Management is your first choice!
Condominium Rental Management
This service is offered to those who own one or more individual condominium units not occupied by the owner on a full-time basis, and who require personal property management.
We offer rental services which include placing advertising, taking calls, host showings, processing applications, completing necessary references, background and credit checks, preparing the lease and receiving the rent payments.
Our fees for these services are based on 75% of one month’s rent plus HST. Base fee for the property management is $150/Month plus HST.
$7,999,000
14.91 ACRES OF SURPLUS FEDERAL GOVERNMENT LAND FOR SALE ALONG THE QEW AT THE GARDEN CITY SKYWAY. LAND IS SITUATED IN BETWEEN YORK ROAD AND QUEENSTON ROAD (IN BETWEEN AIRPORT ROAD AND COONS ROAD). ZONED SERVICE COMMERCIAL (C3) AND RURAL (A). LAND IS BEING SOLD AS-IS. BUYER TO DO THEIR OWN DUE DILIGENCE AND SATISFY THEMSELVES AS THERE ARE NO REPRESENTATIONS OR WARRANTIES FROM THE SELLER. THIS PRIME DEVELOPMENT LAND IS LOCATED IN CLOSE PROXIMITY TO THE BRAND-NEW DIVERGING DIAMOND INTERCHANGE, ROUNDABOUT AT GLENDALE AVE/YORK RD, NEW COMMUTER CARPOOL LOT, BASS PRO AND OUTLET COLLECTION AT NIAGARA, WHITE OAKS RESORT AND SPA, NIAGARA COLLEGE, HILTON GARDEN INN, HOLIDAY INN, STAYBRIDGE SUITES AND MANY OTHER NATIONAL NAMES.
• 113,425 sf on 4.802 acres
• 22,000 sf under construction for a new tenant
• Fully leased 13,425 sf medical building
• Approved Phase II Development upside Development
Service station for sale in Fergus
• 1,178 sf on 0.304 acres
• At controlled intersection
sf freestanding retail building for sale in London
• 5,000 sf of warehouse with truck level loading
- Over 160 feet of frontage on Dundas Street
- Visible to 24,000+ vehicles per day
- Ample onsite parking
Services, LP, Brokerage
8 spacious condo townhomes for sale. All 3 bed,1.5 baths, walk-out basements, private courtyards and attached single car garages. Units fully tenanted and being sold in a bundle, making this a unique investment to add to your portfolio. Tenants pay own hydro, 4+2 visitor parking.Roof reshingled 2020, electric heat throughout, no central air, 8 owned water heaters,windows approx10-12 yrs. There is possibility to add additional units on the approximate 31,000 SQFT. $3,800,000
Future development possibilities in this 4.798 Acre parcel of land that borders Welland/Thorold. Adjacent property, in Welland boundary, is zoned low density residential. Property is close to Brock University Campus (15 Minutes), Niagara College (1km) new residential developments, plaza for shopping and all amenities and close to highway Access. Land only for sale. Current zoning FD - EP2. Contact for more info. MLS H4117393. $3,225,000
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Should you buy or lease your commercial space?
January 11, 2025 ADVERTISING DEADLINE: January 3, 2025
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Should you buy or lease your commercial space?
One of the trickier decisions many entrepreneurs face is choosing between buying or leasing their place of business.
THERE ARE ADVANTAGES and disadvantages to both options, and the decision requires lots of analysis and planning. Here are some things to consider with each option. Weigh them effectively to help make the best decision for the best business advantage.
When should you buy?
• If location is important to you
A great location is hard to find. If you can find one that helps you grow sales through foot traffic and ease of transportation, reduces costs through proximity to key suppliers, and/or attracts and retains
employees, you may want to secure that space by purchasing it.
• If you want to build your personal wealth Commercial real estate has been a great investment for many entrepreneurs in recent years. While there are no guarantees, owning can build wealth separate from your operating company.
• If your current leasehold improvements are getting costly If you’re investing heavily in a building to run your business, it often makes sense to buy a property. If, however,
the time isn’t yet right to buy, you may want to consider leasehold improvement loans to tide you over.
• If you want to be free of landlord woes If running every aspect of your business without potential limits, restrictions and rent increases is important to you, then you might want to buy a commercial space.
• If you need to free up working capital A well-financed property purchase can free up working capital by reducing your monthly outlay for rent. The difference can be used to build your business. “It’s about balancing growth with cash flow,” says Jean-Philippe Ménard, vice-president, North Shore at BDC. “We often finance those kinds of purchases because we want to make sure our clients will have enough working capital to grow.”
However...
If you decide to buy commercial real estate, be sure to pay close attention to the following:
• Rising interest rates Low interest rates have encouraged many entrepreneurs to buy in recent years, and they have enjoyed considerable market appreciation. However, “there’s a wake-up call coming” for some entrepreneurs in the form of rising interest rates, says Ménard, who works in BDC’s office in Laval, Quebec. He notes that many younger businesspeople have never experienced the rising costs that come with higher rates.
• Cash flow and stability Before you buy, make sure your company will have the resources to support this commitment in the years to come. Buying a building is a long-term investment.
• Protection and due diligence Be sure to protect yourself from problems that can come with ownership, such as hidden building defects or environmental contamination. Get a building condition inspection (BCA) and
an environmental assessment (ESA), or hire a qualified environmental consulting firm to assess the property before you purchase. Before buying, it’s equally important to get a lawyer to perform thorough due diligence on such issues as land title, zoning, outstanding taxes, liens, easements and other potential problems with the property.
• When should you lease? Here’s where it may make more sense to rent a space for your business.
• If you don’t have enough working capital Start-ups are often unable to commit a lot of capital to a building, so they will most likely opt to lease. Even if you have an established business, it may not be generating enough cash at this stage to allow you to fund both your growth and your commercial property acquisition.
• If your business needs are unstable If your company is growing rapidly or downsizing, or you’re just not sure what’s going to happen, you might be better off renting until the situation stabilizes.
• You don’t want the hassle of owning Owning a property comes with additional responsibility and potential problems. You may prefer to rent and focus on your business for the time being.
However...
If you decide to lease, be sure to pay close attention to the following:
• Option to renew While some entrepreneurs may not want to make a long-term commitment to a location, Ménard cautions that flexibility can work both ways. A landlord can refuse to renew a lease once it expires. That forces your business to relocate, with all the costs associated with doing so.
• Renovations and improvements Be sure to find out about restrictions that could limit your ability to expand or use the space in different ways. Specifically, find out whether there are any limitations on making
A well-financed property purchase can free up working capital by reducing your monthly outlay for rent.
changes to your space. Do you have to return the property to its original condition when you leave? Do added equipment and fixtures remain your property, or do they become the property of the owner?
• Parking Are there enough parking spaces for all tenants and their visitors? Are you guaranteed spaces?
• Signage What are your rights when it comes to signage?
• Landlord responsibilities It’s important to understand what your landlord does and doesn’t pay for before committing to a commercial lease. Specifically, pay close attention to the following:
• Common area maintenance Who is responsible for cleaning, repairs and other costs associated with common areas, such as washrooms, entrances, general reception areas and the parking lot? Who pays for snow removal, grass cutting and/or landscaping?
• Operating expenses Who pays for property taxes, insurance, utilities, security, and the repair or replacement of equipment such as heating, ventilation and air conditioning units?
Final thoughts
In the end, whether you decide to buy or lease a commercial space, remember the following:
• You’re not alone As part of your trusted team of real estate advisors, a lawyer specializing in commercial real estate should review your contract carefully with you to avoid any unpleasant surprises. CI
Chad Ritzer* x 3033
Peter Benninger** x3000
Chad Ritzer* x 3033
| RETAIL #G-125 SEABROOK DR. 905 SF | $36.00/SF
Lester Tobin* x 3023
#A1-650 RIVERBEND DR. 1,625 SF | $16.95/SF
Lester Tobin* x 3023
James Boudreau**
James Boudreau** x 3020
Each office is Independently
and Operated 96-100 HIGHLAND RD. W. 311-1,350 SF | FROM $600/Month
Get the right type of insurance for your business
Your business may have many assets: Vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly, yourself. To protect these assets and to protect your business from potential risks, you should consider getting insurance.
All businesses take some risks, but taking too many risks or failing to protect yourself does not make good business sense. Could your
business survive if one of the partners dies or becomes disabled? Would you have sufficient cash on hand to deal with any business
emergency that could arise? In many cases, the answers to these and other questions about risk is “no”.
Insurance needs vary greatly and it is best to get advice from an insurance broker or agent who is familiar with your specific type of business. The following are different types of insurance that may apply to your business.
Insurance for owners, partners and key employees
The loss of a key person can devastate your business and your
livelihood. These types of insurance can help protect your business and your family from potential risks:
• Life insurance — Protects your family in the event that something happens to you. This is especially important in the case of a sole proprietorship, because the owner is personally liable for all the debts of the business.
• Disability insurance — Will provide you with income for a specified period of time, if you are unable to work due to an injury or illness.
• Partnership insurance or buy-sell insurance — If your business partner passes away, partnership insurance will allow you to purchase the shares and continue running the business.
• Critical illness insurance — Provides you with a lump sum benefit, if you are diagnosed with a critical illness.
• Key person insurance — If you rely on certain key people to help run your business, protect yourself against the loss of these key employees. Speak to your accountant to find out which of these are deductible as business expenses and which ones you will need to pay for yourself as an individual.
Insurance for business property and earnings
You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets. This could include:
• Property insurance — Property insurance will cover the property and buildings owned by your business in the event of destruction or damage due to things like fire and other perils.
• Contents insurance — This covers assets that you store at your business premises. If you are leasing space for your business, the owner of the property probably has property insurance, but you are likely responsible for your own
contents insurance. If you run your business out of your home, you will likely need separate contents insurance for your business assets.
• Business interruption insurance — If you need to shut down your business temporarily due to a fire or other peril, business interruption insurance will cover your loss of earnings until you are back in business.
• Vehicle insurance — You will need to insure any vehicles that your business owns. If you use personal vehicles for business purposes, be sure to advise your insurance company.
Liability insurance
Mistakes happen. You, your employees, your equipment or your suppliers could be the cause of mistakes that ultimately end up hurting your customers, your employees or other people who are involved with your business. To protect your business from being sued, you should consider these types of insurance to limit your liability:
• General liability — Covers injury to clients or employees on your premises
• Product liability — Provides protection in the event that your products are defective or cause serious harm to those using them
• Professional liability insurance
— Provides protection if you are sued by a client for errors, omissions or negligence, when performing professional services
• Cyber liability — Protects in the event of a lawsuit stemming from an electronic security breach involving compromised personal or commercial information. Can include situations relating to the theft of devices containing organizational, client, employee, or similar data.
Accounts receivable insurance
Having a client that does not pay can leave you in a difficult situation.
You need to protect your assets and earnings in the event that a disaster or emergency destroys part or all of your business premises and assets.
You have to pay your employees and suppliers, and are essentially stuck covering the costs of goods sold, without the corresponding revenue. Accounts receivable insurance, also known as credit insurance, can help protect you from this risk, when a client goes bankrupt or refuses to pay.
The risks are often greater when dealing with export markets. The government offers export insurance to cover a variety of risks including accounts receivable insurance.
Health insurance
Providing a health insurance plan for employees can be a key factor in recruitment and retention of employees. You can talk to an insurance broker or company about group plans covering supplemental health and dental benefits for your employees.
Get the right insurance for your business. Making sure you have the correct business insurance can provide peace of mind. To discuss your business insurance options, contact an insurance representative to find or develop a plan that is right for you and your business. You may also wish to contact your local chamber of commerce or industry association, as some organizations offer members lower rates on their business insurance. CI
Source: Canadabusiness.ca
Understanding your condo docs
BY JACQUELINE MONETA JD WITH ASSISTANCE FROM JAYSON SCHWARZ LLM
New disclosure requirements in the Condominium Act provide owners with more information than ever, but all of this information can quickly become overwhelming. What are all the documents and what do they tell you? The following is an overview of the rules and regulations governing condo living.
Condominium declaration
The declaration is like the constitution of a condo. It provides information regarding each suite’s boundaries and share of common expenses expressed as a percentage of the total budget. The declaration also describes any recreational facilities and how they will be used. It can also contain restrictions on the use or occupation of the units and common elements. A review of the declaration will tell you exactly what you are buying.
A declaration can only be changed if more than 80 per cent of the owners agree to the change. This makes subsequent changes to the declaration difficult and rare.
By-laws
The by-laws control how condominium corporations are run. They outline the qualifications of condominium directors, their remuneration (if any), and the quorum necessary for a meeting. The by-laws may also outline when and how the condominium can borrow money. This is important if there is ever a special assessment levied. As an alternative to a special assessment the condo may be able to borrow funds, if allowed in the by-laws, rather than
makeup any shortfalls from the unit owners.
By-laws can be passed, appealed or amended by the board of directors. Before becoming effective, by-laws must be approved by a majority of the units of the corporation and registered with the land registry office.
Condominium rules
The board of directors can also make, amend or repeal rules. The rules govern the safety, security or welfare of the owners and the property or assets of the corporation. They typically prevent unreasonable interference with the use and enjoyment of the common elements or units.
It’s common for the rules to prevent owners from renting out their units for short periods of time (ie. Airbnb) or restrict visitors’ use of the common elements. It is also increasingly common for the rules to limit the number and/or size of pets allowed in the building.
Rules can vary greatly in each condominium, so even if you are familiar with condo living it’s important to review the rules in each building you buy into. They can impact lifestyle choices, which while not legal issues, should be considered carefully as they can
have a large impact on your day-today life.
Status certificate
Perhaps the most important document you’ll receive is the status certificate. This document gives buyers details of the financial and legal circumstances for the condominium building. A status certificate will include information regarding increases in common expenses, law suits against the condominium corporation and any upcoming large expenditures for repairs.
A status certificate will also have information about the individual condo unit. It indicates if the current owner is in default of paying common expenses and if any increase in common expenses has been declared by the condominium board. While sifting through these documents may seem overwhelming, careful review of the rules and regulations governing your condo could save you a lot of time and unexpected cost down the road. You should also seek the advice of a real estate lawyer and accountant who can point out abnormalities or possible red flags.
Don’t forget the best help you can get is from a real estate lawyer who understands condominium law. Be careful and find someone who is knowledgeable and cares about you and your family. This is an important milestone in your life.
Send or fax letters to the magazine or to us, use the website (schwarzlaw. ca), email (info@schwarzlaw.ca) and give us your questions and concerns. We will try to deal with them in print or electronic form. CI
FUTURE GO STATION INVESTMENT • CLARINGTON COURTICE
Fully usable, clean, fenced, serviced, secured & improved for turn-key use! w/ 530ft of frontage and two entrances. Presently zoned for outside storage + with tenant income, large upside $$$ potential. 4 acres total - municipal services - next to high density designation for GO station. Close to HWY 401, 418, and 407!
CHOICE INVESTMENT @ 4MILLION
NEW INDUSTRIAL BLD28,500 SQFT ON HWY 401 BOWMANVILLE!
Prime 401 exposure. 30’ ceiling, truck level shipping, excellent 401 access. Sprinklers. Available Jan 2025. Foundation now complete! Available Q3 2025). ONLY industrial new build listed for sale in Clarington!
GREAT PRICE @ $400 PSF! CALL FOR DETAILS
6K TO 15K SQFT INDUSTRIAL W/ DRIVE IN DOORBOWMANVILLE
Industrial space with 16ft loading door loading door in Bowmanville. Flexible M2 zoning, newly finished office & mezzanine + 16ft clear height. Ideal for manufacturing, potential for automotive, warehousing, workshop and more. Great access to HWY 401 nearby, and low rental rates.
FOR LEASE @ $10.50 PSF NET + $5.00 TMI
MAJOR HIGHWAY - RESTAURANTBUILDING LAND + BUSINESS
Long established family restaurant (20 years) one acre commercial site, large parking and frontage, fully licensed, 70+ seating, outdoor patio. Excellent upside to increase $$$ owners retiring!! With hold first mortgage for qualified buyers.
FOR SALE $1,525,000 - VTB AVAILABLE
DOWNTOWN COMMERCIAL BLD @ GREAT PRICE IN CLARINGTON!
Well maintained free standing commercial/office building available FOR SALE just North of King St in downtown Bowmanville. Build comes well maintained and accessibility equipped! Flexible zoning to suit many businesses: ideal for physiotherapists, health uses, lawyers, accountants, insurance, or other office based businesses. Very competitive price perfect for an end-user.
ONLY $795,000
ONE OF A KIND!
LARGE A+ COMMERCIAL SPACE IN BOWMANVILLE
Rare opportunity for up to 12000 SQFT free standing commercial space @ an unbeatable rental rate. Former home-hardware property with great shadow anchors, nearby schools, tons of traffic, spacious parking, convenient loading area, and high ceilings.
FOR LEASE @ ONLY $12.00 PSF NET + $6.25 TMI
Premium investment opportunity (6% cap rate) in the coveted Leslieville neighbourhood. This 3 Storey Commercial/residential property is comprised of 1 retail space on the main floor (Approx. 2,200 sqft) and 2 residential apartments on the second and third floors respectively. Conveniently located on Queen Street East, the location offers excellent foot traffic and with the increased density coming to the neighbourhood, offers sustainability moving into the future. For more information visit, www.theeastside.ca
$2,499,900
SkyViews Your Price for ‘Upside’
SkyViews Your Price for ‘Upside’
Finding Value in the Grey Areas
Finding Value in the Grey Areas
By Cliff Ford, Skyview Realty
By Cliff Ford, Skyview Realty
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
With the ever-increasing demand for multi-unit residential properties amongst investors, a trend has been emerging over the last number of years. Many properties, and certainly buildings with 30+ units, are seeing multiple offers as part of an open bid submission process.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
If you aren’t familiar with the bid submission process, it is the act of marketing a property for sale without providing a price. Typically, the Seller will provide all due diligence documents in advance of the offer deadline to allow buyers to determine what they are willing to offer on any given property. Sellers love this process as it can generally lead to multiple offers and can create a bidding war that drives up their end price. Buyers dislike this process, however, because they prefer to have some guidance on pricing going into the offer stage. As a brokerage, we are caught in the middle of wanting to deliver great results for our Seller and satisfying our buyer clients’ demands for more investment properties.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
What we have been noticing with these open bid properties is that ‘upside’ becomes a very common discussion point. The value a buyer places on the upside in a building can often become the factor that makes their offer stand out among the rest, at least as it relates to purchase price.
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
When considering what the upside is on a property, its more than just rental rate upside, especially considering the lower vacancy rates seen in the Ontario market nowadays. Beyond the upside of what you could rent turned-over units for, investors are looking at upside in the utility consumptions by implementing programs to replace lighting with LED bulbs, installing Low-flow toilets in every unit, and investing in higher efficiency heating equipment. Upside can also be found in converting excess space in a building to either additional units, commercial space, or amenities that could draw in greater tenant rents. Sometimes even the location of the property itself
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
can have a form of upside for a particular buyer, in that they may own a building nearby and could create valued upside in the sharing of mutual expenses between each property.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
Whatever the upside factors may be on any particular property, when going into a purchase process, understanding what YOUR value is on the upside will give you a leg up when bidding against other buyers. It appears that, at least for the time being, the sale price of the property is no longer determined just by market comparable sales. It is now the grey areas of upside that are driving the prices higher. Of course if every seller had their way, the Buyer would be paying for 100% of the upside in their purchase price but realistic sellers also know that they need to leave something on the table for a buyer. As a buyer, you need to know what the upside is and how much you are willing to pay for that upside. It is a business decision that only you can determine based on your operations.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
To be fair when discussing bid submission processes, it should be stated that price may not always be the only factor when a seller chooses one offer to work with over another, but it is likely the most significant factor. As an example, buyers are becoming more and more organized in their purchasing processes in order to streamline their conditional periods and closing dates, as this can also help to achieve a sign back from a Seller when multiple offers are on the table. Especially if all offering prices are neck and neck, the terms of the offer becomes an important factor for a seller.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
You may not be a fan of the open bid submission process, but it appears as if this new trend will be sticking around. By doing proper due diligence upfront, good research on the property’s market, and determining the price you want to pay for the upside, you can still achieve great acquisitions in this tight and highly sought after investment class.
194 Sherbourne St, Toronto
$2,549,900
Established And Successful 4 Unit Airbnb. Fully Furnished And Grossing $150K A Year. Amazing Opportunity To Live In And Collect Income Or Add To Your Portfolio. Large Owner Suite. Legal Fourplex. Fully Renovated And Tastefully Decorated.
560 Queen St W, Toronto
$2,900,000
Prime Queen St West Property On High Pedestrian Traffic Block On The North Side, Just East Of Bathurst. Great Windows And Signage. Amazing Opportunity For User Or Investor. Tenant Has Given Notice To Vacate. Density Allows For 3X Coverage.
1116 College St, Toronto
$2,998,000
Fully Updated & Improved Income Property On College St. All Major Capital Improvements Done Recently. $119,550 Net Income! 4% Cap! Great Commercial Tenants. Good Rents For Apts. Potential For Great Upside On Turnover.
2720 Danforth Ave, Toronto
$8,850,000
Proposed 59,530 Sf Mid-Rise Development. 9 Storey 81 Residential Units, 1 Ground Level Commercial Space And 27 Underground Parking. Steps To Main Subway Station And Go Station. Short Term Tenant In Place. Planning Report From Weston Consulting Available. Development And Rsc Application Underway.
2970 Lake Shore Blvd W, Toronto
$13,950,000
Proposed 9 Storey 95 Residential Units And 5220 Sf Commercial 32 Underground Parking Spaces 98,684 Gfa Mid-Rise Development. Steps To Humber College Campus, Transit. Holding Income From Short Term Tenants In Place.
