C$23,985,000

Downtown Toronto @ 14 McCaul St - investment and owner-user opportunity near Queen Street West and University Avenue. Three-storey brick-and-beam commercial building with a semi-basement, offering approximately 24,000 sq. ft. across four levels, including the semi-basement. Approximately 6,000 sq. ft. floor plates, service elevator and rear loading dock within the building's footprint. Close to subway and streetcar service, major hospitals, OCAD University, the Art Gallery of Ontario and downtown business districts. Potential owner-users include medical and dental practices, hotel, law firms, accounting and wealth management firms, family offices, architectural and engineering practices, technology companies, corporate headquarters, galleries, design studios, showrooms and specialty retailers, subject to applicable zoning and required approvals. Opportunity to occupy available premises while retaining income from leased space. A structural engineer has advised that adding two storeys may be feasible with minor reinforcement, subject to detailed engineering, design and required approvals. Separately, a 20-storey redevelopment concept has been prepared for illustrative purposes only and does not establish approved or permitted height or density. Any expansion or redevelopment remains subject to feasibility assessment, applicable planning and zoning requirements, and all necessary approvals. (id:41202)