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175 - 195 ST. CL AIR AVENUE WEST &273 POPL AR PL AINS ROADTORONTO, ON
IN V E S T MEN T SUMM A RY
FOREST HILLLANDMARK DEVELOPMENT OPPORTUNITY
THE OPPORTUNITY
175, 183, 185, 187 & 195 St. Clair Avenue West and 273 Poplar Plains Road (the “Property”, the “Site”) represents an exceptional opportunity to acquire a 100% freehold interest in a 1.2 acre (50,798 square foot) corner property in the Forest Hill neighbourhood of Toronto. Comprising much of the southwestern block of St. Clair Avenue West and Avenue Road, the Site is currently improved with a collection of buildings totaling 42,795 square feet (“sf”) consisting of residential and commercial uses.
The Property is ideally suited for a mid-rise development, comprising luxury residential condominiums or multi-family apartment units. The Site’s location within one of Toronto’s most sought-after neighbourhoods has seen substantial intensification in recent years, which has been sustained by the immediate availability of world-class amenities, excellent transit accessibility and an abundance of retail and service options.
SIGNIFICANT DEVELOPMENT POTENTIAL IN A PREMIUM MIDTOWN LOCATION
The Forest Hill neighbourhood has experienced strong demand for high-end residential condominium and rental units, which continues to drive residential development activity in Midtown Toronto, with approximately 1,500 active units in the South Midtown node, of which, 96% have been sold.
50,798 SF 1.2 ACRESSITE AREA
R (D2.0)ZONING
APARTMENT NEIGHBOURHOODS
OFFICIAL PLAN
116 - 138 FTSITE DEPTH
ST. CLAIR AVE W 394 FT
FRONTAGE
Label
Yonge-Bloor
Summerhill Subway
Popl
ar P
lain
s Rd
St Clair Ave W
Avenue Rd
Yonge St
DAVID A. BALFOUR
PARK
DE LA SALLE COLLEGE
GLENN GOULD PARK
BROWN JUNIOR PUBLIC SCHOOL
AMSTERDAM SQUARE
N
PROMINENT CORNER LOCATIONThe Site consists of a 1.2 acre land parcel with 394 feet of premium St. Clair Avenue West frontage, at the immediate south end of one of Toronto’s most sought-after neighbourhoods — Forest Hill. The Site’s dimensions are optimal for a mid-rise development, while providing future residents with magnificent, unobstructed city views to the north and south of the Property.
EXISTING HOLDING INCOMEThe existing residential and commercial improvements provide in-place cash flow, while the existing leases allow flexibility in terms of timing to development.4.2 KM
DOWNTOWN TORONTO
700 MYONGE ST &
ST. CLAIR AVE
600 MBADMINTON &
RACQUET CLUB
100 M512 TTC
STREETCAR
1.1 KMST. CLAIR WEST
STATION
750 MST. CLAIR STATION
2.1 KMYORKVILLE
LANDMARK DEVELOPMENT OPPORTUNITYRare opportunity to develop a high-end, mid-rise development of scale with townhouses at grade, delivering highly sought-after residential units to the neighbourhood.
FREE AND CLEAR
Free and clear of existing financing, providing an opportunity to secure new first mortgage financing at near historically low interest rates.
OFFERING PROCESSJones Lang LaSalle Real Estate Services, Inc. (“JLL” and/or the “Advisor”) has been exclusively retained by Plazacorp Investments Ltd. (the “Vendor”) to seek proposals to acquire the Property. Interested parties will be required to execute and submit the Vendor’s form of Confidentiality Agreement prior to receiving detailed information about the Property. Additionally, interested parties will be invited to submit a Letter of Intent on a specific date that will be communicated by the Advisor at least fourteen (14) days in advance.
JONES LANG LASALLE REAL ESTATE SERVICES, INC. Bay Adelaide East, 22 Adelaide St. W., Suite 2600 Toronto, ON M5H 4E3 tel +1 416 304 6000 fax +1 416 304 6001 www.jll.ca
All inquiries regarding the Property should be directed to:
Matt Picken * Executive Vice President Capital Markets + 1 416 304 6020 [email protected]
Elliot Medoff * Senior Vice President Capital Markets + 1 416 238 [email protected]
Bryce Gibson * Executive Vice President Capital Markets + 1 416 238 [email protected]
Euan Darling * Assistant Vice President Capital Markets + 1 416 238 [email protected]
Jenny Daly**Vice President Capital Markets + 1 416 304 6030 [email protected]
* Sales Representative
** Broker
Bay Adelaide East, 22 Adelaide St. W., Suite 2600Toronto, ON M5H 4E3tel +1 416 304 6000 fax +1 416 304 6001www.jll.ca
Stratton Townley* Senior AnalystCapital Markets + 1 416 238 [email protected]
