Opportunity awaits with this incredible chance to own this flagship commercial building in the Baby Point Gates BIA - three levels of ~4000 Sq Ft (totaling 12,421 sf, including Lower Level). Four municipal addresses: 343, 345, 347, & 349 Jane. Some parking available up & down Jane St. The Main Floor is divided into two units: a boutique co-working space (The Office Corp (347); this business may also be for sale, inquire if interested) & the other unit is a catering kitchen (Baby Point Lounge (343&345)), both Main Floor units have front & rear entrances. The Lower Level is open concept w/9ft ceilings & is currently set up as a banquet hall. The 2nd Floor boasts 10ft ceilings w/Open concept layout, covered 8ft x 8ft skylight, currently a dance centre (The Pointe Dance (349)). Property available fully or partially tenanted, or vacant. All tenants wish to stay. Market Cap Rate Is ~5.5%. The possibilities are endless w/this huge building, which was originally built in 1927 as a 478-person capacity theatre, called 'The Mayfair Theatre'. This building has been part of the community's history for a long time! **** EXTRAS **** Excellent mechanical equipment throughout the building. 600V 3-Phase Power; multiple Gas & Hydro meters; high-flow nat gas line; 2\" high-flow water line; new facade & glazing; security; development study, financials, floor plans available (id:13843)
MLS# | W9300271 |
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Listing Type | For Sale |
Status | Active |
Days On Site | 137 |
Listing Provided By | CRESCENT REAL ESTATE INC. | GUS SKARLATAKIS |
Bath(s) | 7 Total |
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SQ Feet | 12,421 |
Zoning | Cr2.5(C1;R2*1563) |
State | ON |
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City | Toronto (Runnymede-Bloor West Vi |
Zip Code | M6S3Z3 |
Listing VS Median (in M6S3Z3) | |
Price: $4,200,000 low | high Med: $149,000 SqFt: 12,421 low | high Med: 1,800 $ / SqFt: $338 low | high Med: $83 On Site: 137 low | high Med: 109.000000 |