2577 Yonge St, Toronto, M4P 2J1

Listing Overview

Description

LOCATION! LOCATION! LOCATION! ATTENTION INVESTOR HIGH POTENTIAL LAND VALUE. Presenting an exceptional 100% Freehold 2577, 2579 & 2581 Yonge Street an unrivaled retail land assembly situated in the coveted Yonge Street Midtown Corridor of Toronto, just north of Yonge and Eglinton. Comprising three fully modernized mixed-use buildings on generously sized lots totaling nearly 10,000 square feet of land, this offering boasts over 12,785 square feet of existing usable gross floor area (plus basement) alongside ample parking facilities. First floor Fully Leased to high-end retail stores, $$$ leasehold improvement. Complemented by vacant 2nd and 3rd floors residential, simple renovation can turn this property to (5) Five of 3 Bedroom residential rental market. Supported by a favorable planning opinion indicating significant development potential and density, or the possibility of a large-scale tower development with further consolidation.

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On Market

Commercial/Retail

Property Type

$62,132 / Year

Est. Taxes

Retail

Style

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Business Type

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Franchise