Executive Suite Apartment Building, Plus Commercial

Downtown Toronto

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207209

$8,000,000

The subject property provides a unique opportunity to purchase a New York style apartment, with 36 executive suites plus one office suite and prime retail space, across from the Eaton Centre in the heart of the city.

Location

207-209 Yonge St. , Toronto ON.
Located on the east side of Yonge Street directly across from the Toronto Eaton Centre just north of Queen Street, the Executive Suite Apartment is centred in one of the most vibrant neighbourhoods in the heart of Downtown Toronto. The building is surrounded by numerous amenities including upscale shops, fine restaurants, theatres, historic sites, and only steps from Toronto’s business and retail PATH system and the subway.

Property Description

This attractive, six year old building was recently operated as an executive suite apartment, and is currently vacant. 209 Yonge Street is a thirteen-storey building with thirty-six fully furnished apartments plus one unit which is used as an office. Beginning on the third level there are four 1-bedroom units and two 2-bedroom units (the second level has adjoining commercial space with 207 Yonge Street). Four of the units are penthouses.

The building is tastefully appointed throughout, and the elegant, stylish lobby features granite floors and low-maintenance stone walls. There is also a large outdoor patio/balcony for tenant use. The apartments provide cityscape views of the Yonge Street corridor and Downtown Toronto. 207 Yonge Street is a two-storey, 7,500 sq.ft. building plus basement, with two Yonge Street entrances. The retail space is situated within one of downtown Toronto’s most vibrant entertainment and shopping districts.

Apartment Suites

Each suite is fully furnished and features a well-equipped kitchen with a stainless steel fridge, microwave, dishwasher, built-in cook top and oven, black granite counter tops, and a double stainless steel sink. All units have hardwood and granite floors. The living rooms feature a leather covered futon and a TV, while the dining room includes a table, a computer hook-up and a telephone. The units also contain their own stacked washer/dryer and security system. Additionally, each apartment has a minimum of 2 bathrooms: one four-piece, and one threepiece.

The penthouse units all have balconies and vary in style, with the largest unit having vaulted ceilings and a wrap around balcony.

Terms of Sale

The property is being sold under Power of Sale by the First Mortgagee, Mega International Commercial Bank (Canada), under Power of Sale.

Additional Documents

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information. Not intended to solicit properties currently listed for sale.