29 Fraser Ave
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29 Fraser Ave
18,305 SF 100% Leased Light Industrial Building Toronto, ON M6K 1Y7 £8,154,985 (£446/SF) 3.34% Net Initial Yield
Investment Highlights
- Three-storey 18,305 square foot brick masonry and steel truss roof building
- e building is currently demised into one 11,238 SF unit on the ground floor which is currently leased to Joe Rockhead’s Indoor Climbing Gym – Canada’s
- The site is comprised of 12,497 square feet of land with approximately 70’ feet of frontage along Fraser Avenue
Executive Summary
Built at the turn of the century, 29 Fraser Avenue is an architecturally stunning three-storey 18,305 square foot brick masonry and steel truss roof building strategically located in the heart of Liberty Village, one of Toronto’s most dense and rapidly growing neighbourhoods. Over 6,900 new commercial and residential units are in various stages of development within a 1 kilometer radius. The property is very well serviced by public transit. The existing Exhibition Go Station is 400 meters to the south and the future Ontario Line subway station will be a short walk southeast. Upon completion, the Ontario Line will run from Exhibition Place, through the heart of downtown, and end at the Ontario Science Centre.
The site is comprised of 12,497 square feet of land with approximately 70’ feet of frontage along Fraser Avenue, just south of Liberty Street. The building contains unique and attractive physical attributes, including soaring ceiling heights on the ground floor and brick masonry detailing. The building is currently demised into one 11,238 SF unit on the ground floor which is currently leased to Joe Rockhead’s Indoor Climbing Gym – Canada’s first indoor rock climbing gym – and 6 office units on the second and third floors of the building with a diverse mix of general office uses. The office units range in size from 1,122 SF to 1,282 SF and feature bright, open concept units with hardwood floors, skylights, and private washrooms.
There are three surface parking spaces accessed off of Pardee Avenue, as well as three boulevard parking spaces on the west side of the property fronting Fraser Avenue.
From end-users to value add investors, 29 Fraser Avenue is well-positioned for a variety of different types of purchasers as there are short-term leases in-place and landlord termination rights. The subject property presents
The site is comprised of 12,497 square feet of land with approximately 70’ feet of frontage along Fraser Avenue, just south of Liberty Street. The building contains unique and attractive physical attributes, including soaring ceiling heights on the ground floor and brick masonry detailing. The building is currently demised into one 11,238 SF unit on the ground floor which is currently leased to Joe Rockhead’s Indoor Climbing Gym – Canada’s first indoor rock climbing gym – and 6 office units on the second and third floors of the building with a diverse mix of general office uses. The office units range in size from 1,122 SF to 1,282 SF and feature bright, open concept units with hardwood floors, skylights, and private washrooms.
There are three surface parking spaces accessed off of Pardee Avenue, as well as three boulevard parking spaces on the west side of the property fronting Fraser Avenue.
From end-users to value add investors, 29 Fraser Avenue is well-positioned for a variety of different types of purchasers as there are short-term leases in-place and landlord termination rights. The subject property presents
Property Facts
Price | £8,154,985 | Lot Size | 0.29 AC |
Price Per SF | £446 | Rentable Building Area | 18,305 SF |
Sale Type | Investment | Number of Floors | 3 |
Net Initial Yield | 3.34% | Year Built | 1960 |
Property Type | Light Industrial | Parking Ratio | 0.38/1,000 SF |
Building Class | C | No. Dock-High Doors/Loading | 2 |
Price | £8,154,985 |
Price Per SF | £446 |
Sale Type | Investment |
Net Initial Yield | 3.34% |
Property Type | Light Industrial |
Building Class | C |
Lot Size | 0.29 AC |
Rentable Building Area | 18,305 SF |
Number of Floors | 3 |
Year Built | 1960 |
Parking Ratio | 0.38/1,000 SF |
No. Dock-High Doors/Loading | 2 |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Walk Score ®
Walker's Paradise (91)
Transit Score ®
Rider's Paradise (92)
Bike Score ®
Very Bikeable (78)
zoning
Zoning Code | I3 D7 (Site-Specific) |
I3 D7 (Site-Specific) |
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