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230 Browns Line
Toronto, ON M8W 3T4
Retail Property For Sale


EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,500 SF
Building Class
C
Year Built
1978
Price
$6,750,000 CAD
Price Per SF
$465.52 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.34
Lot Size
0.99 AC
Zoning
CR - Commercial Residential Zone
Parking
70 Spaces (4.83 Spaces per 1,000 SF Leased)
Frontage
79’ on Browns Line Rd
AMENITIES
- Signage
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