577 Yonge St, Toronto, Ontario, M4Y 1Z2

Description

Rare opportunity to acquire a 100% freehold interest in a recently retrofitted, mixed-use commercial building at one of Downtown Toronto's most recognized addresses. Situated on Yonge Street at the intensifying Yonge & Wellesley intersection, the Property offers 21,746 SF of gross leasable area across 9,085 SF of retail and 12,661 SF of office space on a 5,533 SF site with 44 feet of frontage. The Property is 100% occupied by four complementary tenants operating across the hospitality, entertainment, and technology sectors, generating stable, diversified income with a weighted average lease term of 6.0 years. The tenant mix provides durable cash flow while minimizing concentration risk. The Site controls a compelling future mixed-use development opportunity ranging between 214,000 to 553,000 square feet of potential density based on various assembly scenarios.