230 Browns Line 14,500 SF 50% Leased Retail Building Toronto, ON M8W 3T4 $4,948,245 USD ($341.26 USD/SF)

Lennard Commercial Realty, Brokerage (the “Advisors”) has been retained on an exclusive basis by 2442530 Ontario Inc. (the “Vendor”) to offer for sale and for lease a freestanding medical/office building located at 230 Browns Line, Etobicoke, ON (the “Property”).
The offering represents an opportunity to acquire or lease a ±14,500 SF (including usable lower level) building on 1.14 acres with tremendous redevelopment potential. The Property was formerly leased to a pharmacy and the renowned Galea Clinic with both leases recently expiring. The asset is perfect for a User seeking to acquire/lease a unique building for their own business operation which also has significant density upside. After preliminary consultation meetings with the City, it has been established that approximately 89,500 SF of mixed-use GFA would likely be supported on site.
The Property is comprised of two floors above grade with a fully built out and usable level below grade. The building sits on a unique piece of land that provides for excellent visibility and frontage with a staggering 662 feet of depth. The vast amount of land at the rear of the building allows for a significant amount of parking, along with green space that can be used for potential expansion and/or outdoor activities by the future owner/tenant of the Property.
The asset is located within the growing Alderwood neighborhood in Etobicoke. It benefits from excellent connectivity with its close proximity to the Gardiner Expressway/QEW/Hwy 427 interchange which can be accessed directly from Browns Line. It is also within 1 km of the Long Branch GO Station and within a short walk from multiple TTC bus stops.