Log In/Sign Up
Your email has been sent.
116 Glen Manor Dr 6,946 SF 100% Leased Office Building Toronto, ON M4E 2X2 For Sale
Investment Highlights
- Stabilized property with significant upside and projected year 1 NOI of $207,276.
- All hydro separately metered and paid directly by tenants.
- Vibrant neighbourhood with multiple amenities in walking distance from property.
- Owned laundry machines provide additional income.
Executive Summary
Colliers Macaulay Nicolls Inc., Brokerage (the ”Advisor”) is pleased to offer for sale a 100% freehold interest in 116 Glen Manor Drive (the “Property”) in the East End of Toronto.
Located within a 20 minute drive from downtown Toronto, this offering consists of a freestanding, three storey plus basement residential building situated on a 4,123 SF site.
The property contains 12 one-bedroom residential units, one of which is currently leased to a commercial tenant on the ground floor, all within a well established neighbourhood setting. Built in 1954 and zoned under Former By Law 438 86 – H12.0, the asset presents a rare opportunity to acquire a stabilized, low rise multifamily building in one of Toronto’s most desirable east end communities.
Well maintained and offering a welcoming environment, the property has benefitted from ongoing care, with suites updated upon turnover and common areas reflecting a clean, character rich mid century style. With strong underlying fundamentals, long term demand in the Beaches area, and the security of a proven residential unit mix, this property provides investors with a stable income producing asset and meaningful potential for future value growth.
Located within a 20 minute drive from downtown Toronto, this offering consists of a freestanding, three storey plus basement residential building situated on a 4,123 SF site.
The property contains 12 one-bedroom residential units, one of which is currently leased to a commercial tenant on the ground floor, all within a well established neighbourhood setting. Built in 1954 and zoned under Former By Law 438 86 – H12.0, the asset presents a rare opportunity to acquire a stabilized, low rise multifamily building in one of Toronto’s most desirable east end communities.
Well maintained and offering a welcoming environment, the property has benefitted from ongoing care, with suites updated upon turnover and common areas reflecting a clean, character rich mid century style. With strong underlying fundamentals, long term demand in the Beaches area, and the security of a proven residential unit mix, this property provides investors with a stable income producing asset and meaningful potential for future value growth.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,946 SF
Building Class
C
Year Built
1926
NOI
$207,276 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,631 SF
Slab To Slab
10’
Building FAR
1.68
Lot Size
0.09 AC
Zoning
CR - Former By-Law 438-86 – H12.0
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
116 Glen Manor Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.