Mixed-Use

2629 Eglinton Ave E

2629 Eglinton Ave E, Toronto, ON M1K 2S2

Listing Price: $1,400,000

Cap Rate
5.05%
Number of Units
3
Price/Unit
$466,667
Price/Gross SF
$454.40
Gross SF
3,081

Investment Overview

Marcus & Millichap is proud to present 2629 Eglinton Ave East, Toronto, Ontario. The building is located west of Danforth fronting Eglinton Ave East. The property is sold 100% vacant allowing investors to freely utilize the building to its best potential. This two-storey building includes a 4-bedroom unit which can be converted into commercial space. Additionally, the basement unit is setup for potential bar and sauna use. The area will continue to change rapidly as traffic increases on Eglinton due to the new LRT crosstown project. The lot size of the property is 36.00 ft by 101.00 ft.

The first constructed phase of the line will run entirely along Eglinton Avenue for 19 km (12 mi) from the future Mount Dennis station underground to Sunnybrook Park, after which it will run predominantly at-grade along the street's median to Kennedy station, where it will connect underground with Line 2 Bloor-Danforth and Line 3 Scarborough. Additional extensions to the line in both directions, with proposed termini at Toronto Pearson International Airport in the west and the University of Toronto Scarborough in the east, were approved by Toronto City Council on March 31, 2016

Investment Highlights

  • 100% vacant to freely utilize building to its best potential
  • Located steps from the new $5.3 billion Eglinton Crosstown LRT project
  • Excellent branding opportunity with Signage exposure towards the high-traffic Eglinto

Exclusively Listed By

  • Tele Rajaratnam

    Associate

    Email Tele

    License(s): On: 4776882

    Toronto

Listing Price: $1,400,000

Cap Rate
5.05%
Number of Units
3
Price/Unit
$466,667
Price/Gross SF
$454.40
Gross SF
3,081

Investment Highlights

  • 100% vacant to freely utilize building to its best potential
  • Located steps from the new $5.3 billion Eglinton Crosstown LRT project
  • Excellent branding opportunity with Signage exposure towards the high-traffic Eglinto

Investment Overview

Marcus & Millichap is proud to present 2629 Eglinton Ave East, Toronto, Ontario. The building is located west of Danforth fronting Eglinton Ave East. The property is sold 100% vacant allowing investors to freely utilize the building to its best potential. This two-storey building includes a 4-bedroom unit which can be converted into commercial space. Additionally, the basement unit is setup for potential bar and sauna use. The area will continue to change rapidly as traffic increases on Eglinton due to the new LRT crosstown project. The lot size of the property is 36.00 ft by 101.00 ft.

The first constructed phase of the line will run entirely along Eglinton Avenue for 19 km (12 mi) from the future Mount Dennis station underground to Sunnybrook Park, after which it will run predominantly at-grade along the street's median to Kennedy station, where it will connect underground with Line 2 Bloor-Danforth and Line 3 Scarborough. Additional extensions to the line in both directions, with proposed termini at Toronto Pearson International Airport in the west and the University of Toronto Scarborough in the east, were approved by Toronto City Council on March 31, 2016

Exclusively Listed By

  • Tele Rajaratnam

    Associate

    Email Tele

    License(s): On: 4776882

    Toronto

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