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Low Rise Apartment Buildings 2 Multifamily Properties Offered at $3,359,791 in Toronto, ON
EXECUTIVE SUMMARY
CBRE Limited (“CBRE”) is pleased to offer for sale 417 & 419 Pharmacy Avenue (the “Property” or “Site”), comprising of two apartment buildings (can be sold separately) that are 6-units each in City of Toronto. The offering is ideally situated in the Birchmount Park neighbourhood in Scarborough. Scarborough's population is steadily increasing, driven largely by immigration and affordable rental options. Despite economic fluctuations, rental demand in Scarborough tends to remain relatively stable due to its diverse opulation and proximity to educational institutions, employment centers, and transportation hubs. The Property is poised to capitalize on the areas numerous transit options including the Warden Subway Station along with the Scarborough GO Station, and the Eglinton LRT which provide excellent commute services to areas across the Greater Toronto Area (GTA).
The neighborhood is also rich in amenities and services, surrounded by various commercial and retail strips including an array of local retailers, restaurants, bars, cafes and grocery stores, providing convenience for residents and workers in the neighbourhood. Local retail consists of many multicultural stores and restaurants along with major retailers spread out between the various shopping centres such as Eglinton Town Centre, Eglinton Square Shopping Centre, and Birchmount Plaza. Notable retailers and restaurants in the area include Mama’s Boys Burgers, Subway, Tim Hortons, and The Beer Store. There are also a number of parks and recreational facilities, including Dunlop Parkette, St. Clair Ravine Park, Birchmount Park, and Birchmount Community Centre. The neighbourhood also has several schools located within close proximity of the property that offer various types of general and specialized education, including arts-based, faith-based, and private schools.
The neighborhood is also rich in amenities and services, surrounded by various commercial and retail strips including an array of local retailers, restaurants, bars, cafes and grocery stores, providing convenience for residents and workers in the neighbourhood. Local retail consists of many multicultural stores and restaurants along with major retailers spread out between the various shopping centres such as Eglinton Town Centre, Eglinton Square Shopping Centre, and Birchmount Plaza. Notable retailers and restaurants in the area include Mama’s Boys Burgers, Subway, Tim Hortons, and The Beer Store. There are also a number of parks and recreational facilities, including Dunlop Parkette, St. Clair Ravine Park, Birchmount Park, and Birchmount Community Centre. The neighbourhood also has several schools located within close proximity of the property that offer various types of general and specialized education, including arts-based, faith-based, and private schools.
PROPERTY FACTS
| Price | $3,359,791 USD | Number of Properties | 2 |
| Price / SF | $303.72 USD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 11,062 SF |
| Status | Active | Total Land Area | 0.38 AC |
| Price | $3,359,791 USD |
| Price / SF | $303.72 USD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 11,062 SF |
| Total Land Area | 0.38 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 417 Pharmacy Ave, Toronto, ON M1L 3G5 | Multifamily | 6,504 SF | 1961 | - |
| 419 Pharmacy Ave, Toronto, ON M1L 3G5 | Multifamily | 4,558 SF | 1961 | - |
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