860-862 Richmond Street West

On behalf of the Vendor, Aura Partners is pleased to offer for sale a 100% freehold interest in an exceptional three storey commercial property at 860-862 Richmond Street West, Toronto.

The offering presents office/retail users or investors with the opportunity to acquire a freestanding and beautifully improved character property, offering 25,835 SF of impressive office and retail space on just over 10,000 SF of land. The Property offers unencumbered space to occupy as a user, the ability to lease up and generate impressive cash flow for an investor, or consider residential conversion opportunities based on precedent in the area.

Situated in downtown Toronto, the Property is located within the highly coveted West Queen West node, just East of Strachan Avenue, steps from one of Toronto’s most impressive parks, Trinity Bellwoods Park. The property enjoys the buzz from hip West Queen West neighborhoods, as well as some of Toronto most renowned restaurants, fashion retail, and amenities. Only a few blocks to the south is King Street West, which is one of Toronto most desirable corridors to live, work, and play.

860-862 Richmond Street West has easy accessibility via 24hr public transit, situated steps away from the Queen and King Street streetcar routes, as well as easy access to Lake Shore Boulevard and the Gardiner Expressway to the south.

While the property comprises attractive existing office improvements, there is tangible potential to add retail to the ground floor using the in-place street front direct access. The high ceilings, adjacent alley access for deliveries, front patio potential, and branding capability all make this a truly unique boutique retail opportunity in this vibrant neighborhood. Furthermore, Richmond Street West has seen numerous residential conversion projects over the past decade, setting precedent for a rezoning to accommodate this highly sought asset class.

Details

Building Area

Lower level: 3,185 sf

Ground floor: 7,740 sf

Second floor: 7,952 sf

Third floor: 7,958 sf

Total: 25,835 sf

Lot area: 0.23 acres

Size: 10,018.80 sf

Frontage: 55.33 ft

Depth: 164 f