142 Vine Avenue

Exceptional Urban Location

The subject Property offers prospective purchasers the opportunity to acquire an approx 20,000 sf asset on 0.31 acres in the high-demand Junction neighbourhood. Positioned on the north side of Vine Avenue within walking distance to bustling Dundas St W, The Junction has evolved into one of Toronto’s trendiest neighbourhoods. Known as a hot spot for restaurants, bars, craft breweries and boutique stores with continued residential gentrification and intensification strengthening the market for local businesses.

Rapid Residential Intensification

The Junction neighbourhood has experienced an influx of residential intensification and redevelopment over the past decade, which has added significant population density to the area. There are currently five condominium projects in the presales and construction phases of development as well as two recently completed projects within in a three-kilometer radius of the Property with a total of 2,721 units. With respect to upcoming developments, there are currently 40 projects in the application phase in the City of Toronto totaling 16,687 units.

Employment Growth

In addition to significant residential development, the Junction has also seen an increase in major non-residential projects. These include ground-up developments such as T3 Sterling Road and 57-77 Wade Avenue, as well as major building retrofits / conversions such as 1655 Dupont Street (former viceroy building), 126 Sterling Road (former Scythes Flag Manufacturing building) and 224 Wallace Avenue (former Canadian General Electric building).

Property Details

Number of Units : 12

Land Area: 13,347.24 sf (0.306 ac)

Frontage: 53.24 ft along Vine Avenue

Building Area: 14,513 square feet 

Current Occupancy: 61.3%

Official Plan: Core Employment Area

14,513 square feet

Zoning: EL (Employment Light Industrial)