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More details for 4340 Bloor St W, Toronto, ON - Multifamily for Sale

The Bloordale - 4340 Bloor St W

Toronto, ON M9C 2A6

Multifamily for Sale
117,270 SF

Air Conditioning
Security System
Kitchen

Toronto Multifamily for Sale - 427 Corridor

Colliers is pleased to offer for sale 4340 Bloor Street West, Toronto (the “Property”), a prime income-producing asset with significant development potential. The Property features an established 15-storey apartment building with 86 units, currently operating at a 96.5% occupancy rate and improved with over $4.6 million dollars of upgrades since 2018. With average rents below market levels, there is also immediate opportunity for rent growth. In addition to the income-generating apartment building, the 2.49-acre Property is OLT approved for a residential development on the Property’s excess lands. The plan provides for 297 units across a 13-storey and 4-storey building with a total of 245,116 SF of Gross Floor Area (“GFA”), offering substantial upside through future densification and residential demand in the area. 4340 Bloor Street West offers an appealing combination of immediate rental income and development upside, making it an attractive opportunity for investors seeking both stability and growth.