Toronto (Central) – Mid Rise Apartment
Asking Price – Offered on an Un-priced basis
The subject property provides an excellent opportunity to purchase a mid-rise apartment located on
a prime corner site in the upscale South Hill neighbourhood at St Clair Avenue and Avenue Road with
frontage on Clarendon Avenue and Russell Hill Road.
Location
77 Clarendon Avenue enjoys a superior location at the southeast corner of Clarendon Avenue and Russell Hill Road, one block south of St Clair Avenue and one block west of Avenue Road in the exclusive South Hill neighbourhood of expensive single family, townhomes, and mid rise apartments.
Building Details
The apartment is a 5 storey building with 9 large units and 1 basement unit. The building is approximately 50 years old and is of masonry construction. There is a detached parking deck with interior and surface stalls. Income and expense figures are available for review.
Site Details
The site has a prime location at the south east corner of Clarendon Avenue and Russell Hill Road with 203 ft frontage on Clarendon Avenue, 169.5 ft frontage on Russell Hill Road, and totals 33,836 sq ft. There are a number of trees on the site and a small portion fronting on Russell Hill Road is within the jurisdiction of the TRCA.
Official Plan/Zoning
The property is designated Neighbourhoods in the City of Toronto Official Plan. The City of Toronto Zoning By-law 438-86 zones the property Residential Zone – R1.
Offer Terms and Guidelines
Royal LePage Real Estate Services Ltd., has been retained to market and sell the subject property which is being offered on an unpriced basis. For additional information on the property see “Protected Documents” below. Please call/email for the password to access the information. A standard Agreement of Purchase and sale will be provided. Offers are to be delivered in a sealed envelope to Royal LePage’s office (Attention: Greg Bell) prior to 3pm on Thursday the 8th December, 2011 (faxed and emailed offers will not be considered). Offers will not be reviewed prior to that date, or considered if submitted after that time. The property is being sold on an as-is basis and will be evaluated based on standard industry criteria. The seller will not consider offers conditional on a re-zoning.
Additional Documents