32 First St

Colliers International (“Colliers”) is pleased to be the exclusive representative for the sale of 32 First Street and 1 Elizabeth Street, Orangeville (Collectively called “the Property” or “Properties”). The opportunity consists of two buildings: a 76-unit retirement residence adjacent to a 21,865 SF medical building, on a 3.95-acre land parcel, 5 minutes from Downtown Orangeville. 1 Elizabeth Street is a fully-leased medical building that is currently tenanted by four tenants, including Dufferin Area Family Health Team and Jeffers Pharmacy. Constructed in 2013, the property benefits from substantial paid parking, as well as additional land that can be developed into either commercial or residential development. 32 First Street (also referred to as “Lord Dufferin Centre”) is an independent supportive living retirement home which includes 15 commercial units. Lord Dufferin Centre is a value-add opportunity through either a new leasing strategy to increase occupancy from 58%, or such as implementing an assisted living program. Collectively, the combination of a stabilized medical building, in conjunction with the value-add component of the neighbouring retirement residence provides the prospective Purchaser with a unique, robust investment opportunity in one of Ontario’s fastest growing markets.