YONGE ST SUBJECT PROPERTY BIRCH AVE SUMMERHILL ROSEDALE NEIGHBOURHOOD TORONTO, ONTARIO

Transcription

1 YONGE ST SUMMERHILL ROSEDALE NEIGHBOURHOOD TORONTO, ONTARIO

2 THE OFFERING CBRE s Land Services Group is pleased to offer for sale a 100% freehold interest in a 0.5-acre residential development site located at 2, 30 and 40 Birch Avenue (the Site or Property ) in the Summerhill neighbourhood. The Site is extremely well located in one of Toronto s most prestigious neighbourhoods with some of the highest incomes in the city and average home prices in excess of $2 Million. Summerhill TTC Station is located less than 300m away with a wide variety of shops, restaurants, parks and schools all located within walking distance. ALCORN AVE The Site s rectangular configuration with more than 200 feet of frontage on Birch Avenue makes it ideal for low to medium density residential redevelopment. Recent townhouse resales at the development at 22 Birch Avenue have reached nearly $1,000 per square foot showing the level of affluence and demand for super luxury product that exists in this neighbourhood. PROPERTY INFORMATION Address 2, 30 & 40 Birch Avenue Size ±0.5 acres (28,331 sq. ft.) Zoning By-law Official Plan Frontage Depth R (d1.0) (x745) Neighbourhoods ±204.5 ft. ±137.5 ft. INVESTMENT HIGHLIGHTS SUMMERHILL-ROSEDALE Located on the border of two of Toronto s wealthiest and arguably most well located neighbourhoods. DEMOGRAPHICS 1 km radius 3 km radius 5 km radius TOTAL POPULATION 2017 Estimated 25,4 259, ,191 2,882, Projected 27, , ,408 3,030,743 Population Change % % 5.%.7% 5.1% INCOME 2017 Average Income $258,715 $141,311 $129,92 $107, TOTAL POPULATION BY AGE 25,4 % 259,119 % 705,191 % 2,882,14 % 0 to 19 years 3, , , , to 34 years, , , , to 4 years 10, , , ,18, to 75+, , , , Median Age EDUCATIONAL ATTAINMENT (15+ YEARS) 22,252 % 259,119 % 705,191 % 2,882,14 % Less than a bachelor degree 8, , , ,554, Bachelor degree & higher 14, , , , FIRST CLASS COMMERCIAL AMENITIES Steps away from the Shops at Summerhill, one of Toronto s landmark retail areas, with first rate shopping and dining. PROVEN DEMAND Metropia and Diamond Corp s nearby AYC 181 Bedford signature townhome collection demonstrates strong demand for super luxury townhouses with 37 of 39 units sold within the first months for $958 to $1,100 per square foot. LOT CONFIGURATION Lot dimensions provide a wide range of potential redevelopment options. TRANSIT Short walk to Summerhill TTC Station. ALL OUTLINES ARE APPROXIMATE NUE TORONTO, ON

3 NEIGHBOURHOOD ROSEDALE WALKER AVE Rosedale is one of Toronto s oldest, wealthiest and most high priced neighbourhoods ranking as Toronto s best neighbourhood to live in Toronto Life s 2015 neighbourhood rankings. The neighbourhood was built among three ravines, which have been preserved as parkland providing residents with scenic locations to enjoy the outdoors. Rosedale contains tree lined streets and countless cul-de-sacs, which coupled with the many ravines and bridges, lead to low levels of vehicular traffic helping preserve the quiet and historic character of the neighbourhood. The houses in Rosedale are primarily large single-family dwellings, many of which are more than 100 years old, which has led to much of the neighbourhood being protected as a Heritage Conservation District. The neighbourhood is home to some of Toronto s best schools, including Rosedale Public School and prestigious all girls private school, Branksome Hall. SUMMERHILL SUMMERHILL AVE YONGE ST MACPHERSON AVE PRICE ST SUMMERHILL The Summerhill neighbourhood originated in the 1880 s after the construction of the North Toronto Railway Station, which now operates as Toronto s flagship LCBO. The neighbourhood is generally bounded by St. Clair Ave. to the north, the CPR rail line in the south, by Mt. Pleasant in east and by Avenue Rd. in the west. Summerhill is made up primarily of affluent residents living in low density housing with a strong commercial corridor along Yonge St. Cottingham School, located on Birch St., ranks 12th out of 2900 school across Ontario. The neighbourhood is also home to De La Salle School, and the York School, providing residents with many excellent options for their children s education. The neighbourhood is also home to many parks including the 45 acre David. A. Balfour Park, one of the biggest parks across the city NUE TORONTO, ON

4 AMENITIES Located just steps from Yonge Street, the Property is conveniently located within walking distance to a wide range of some of Toronto s trendiest restaurants, stores, schools and private clubs. The map to the right shows just a sample of what these neighbourhoods have to offer. 13. GREENHOUSE JUICE CO. 48. ROSEDALE CLUB 7. CLOCKTOWER BAR 2. TUCK SHOP TRADING CO. AVENUE RD ST CLAIR AVE E WOODLAWN AVE , 30 & 40 NUE RESTAURANTS & BARS 1. UNION SOCIAL EATERY 2. HOLY CHUCK 3. AROMA 4. SPIGA 5. CAPPOCACCIA TRATTORIA. BROWNE S BISTRO 7. CLOCKTOWER BAR 8. BOXCAR SOCIAL 9. THE ROSEDALE DINER 10. NADEGE PATISSERIE 11. OLLIFFE 12. TERRONI 13. GREENHOUSE JUICE CO. 14. CARENS ROSEDALE 15. AVANT GOUT 1. QUAIL AND FIRKIN 17. STRANGELOVE COFFEE 18. FRESHII 19. PANTRY ROSEDALE 20. THE REBEL HOUSE 21. BLACK CAMEL 22. TRATTORIA NERVOSA 23. KASA MOTO 24. ONE 25. STK RETAIL 2. TUCK SHOP TRADING CO. 27. LCBO 28. HARVEST WAGON 29. BEER STORE 30. THE NARWHAL 31. FARROW & BALL TORONTO SHOWROOM 32. WANT APOTHECARY 33. PUSATERI S 34. WHOLE FOODS 35. TIFFANY & CO. 3. GUCCI 37. HARRY ROSEN 38. HOLT RENFREW 28. HARVEST WAGON 27. LCBO SERVICE COMMERCIAL 10. NADEGE PATISSERIE BAY ST YONGE ST BLOOR ST 39. BLO BLOW DRY BAR 40. WAXON 41. TD CANADA TRUST 42. RBC ROYAL BANK 43. NEW WAY CLEANERS OTHER 44. THE BADMINTON & RACQUET CLUB OF TORONTO 45. THE YORK SCHOOL 4. DE LA SALE COLLEGE 47. TORONTO LAWN TENNIS CLUB 48. ROSEDALE CLUB 49. FOUR SEASONS 50. EQUINOX 47. TORONTO LAWN TENNIS CLUB 12. TERRONI 14. CARENS ROSEDALE NUE TORONTO, ON 15. POUTINI S HOUSE

5 OFFERING PROCESS CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the online document centre are to complete the Confidentiality Agreement and return it to: ALCORN AVE DOCUMENT CENTRE Survey Phase 1 & 2 ESA Floor Plans Utilities Expense Summary OFFER SUBMISSIONS Please see CIM for Offer Submission Date. All offers are to be submitted to: Lauren Doughty lauren.doughty@cbre.com CBRE Limited 2005 Sheppard Ave E, Suite 800 M2J 5B4 Lauren Doughty* lauren.doughty@cbre.com Mike Czestochowski** Executive mike.czestochowski@cbre.com Ian Hunt* ian.hunt@cbre.com Jason Child* jason.child@cbre.com Nate Pace Sales Representative nate.pace@cbre.com *Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors ( CBRE ). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the Information ) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Google Earth 11/17 CBRE Limited 2005 Sheppard Ave E, Suite 800, M2J 5B4 8