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1880 O'Connor Dr 18,461 SF 100% Leased Office Building Toronto, ON M4A 1W9 $10,888,000 CAD ($589.78 CAD/SF)
INVESTMENT HIGHLIGHTS
- Located at the western edge of the Golden Mile Secondary Plan area, a key redevelopment zone in Toronto.
- Easy access. Accessible via road cuts from both O'Connor Drive and Bartley Drive.
- Presents a strong opportunity for end users with long-term hold and redevelopment potential.
- Includes 38 parking stalls, a valuable feature in the area.
EXECUTIVE SUMMARY
This six storey mixed-use office building was constructed in 1960 and significantly renovated in 2019. It offers 2,390 square foot office floor plates (12' ceilings) and 38 parking stalls, with the ground level having been used as a pharmacy and the first floor as a restaurant in the recent past. This presents a strong end user opportunity with significant longer term hold potential with 4 to 5 floors of office space plus the ground floor retail space. The property is accessible via road cuts both onto O'Connor Drive and Bartley Drive. The total building area is 18,461 square feet on a 16,458 square foot lot (0.38 acres). Ideally situated on the western edge of the Golden Mile Secondary Plan area (link), 1880 O'Connor Drive is gateway to the Golden Mile. The Golden Mile Secondary Plan is a City of Toronto Official Plan Amendment that sets a vision and planning framework for a major redevelopment of the Golden Mile area. 1880 O'Connor Drive also greatly benefits from the O'Connor Drive Reconfiguration Plan which may provide a valuable future investment opportunity. This property is situated in the 'key intersection' of the O'Connor Drive Avenue Area Study
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
18,461 SF
Building Class
B
Year Built
1960
Price
$10,888,000 CAD
Price Per SF
$589.78 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
2,390 SF
Slab To Slab
12’
Building FAR
1.12
Lot Size
0.38 AC
Zoning
CR1 - Commercial
Parking
38 Spaces (1.41 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (93)
1 of 5
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1880 O'Connor Dr
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