Exceptional opportunity for developers, end users and retail investors to acquire a multi-tenant commercial property with future redevelopment potential on Bathurst Street, just south of Highway 401. Situated on a 0.42-acre corner lot with approximately 113 feet of Bathurst Street frontage and on-site parking, the property combines prominent exposure, existing rental income and substantial vacant space with the opportunity to explore future residential/mixed-use redevelopment, subject to municipal approvals. Known as the former "Sea-Hi" building, the property comprises approximately 17,955 sq. ft., including 9,172 sq. ft. above grade and a substantial 8,783 sq. ft. lower level. Offering a mix of retail and office space, approximately 4,451 sq. ft. is currently leased, with vacant space providing flexibility for a purchaser's own occupancy, lease-up and repositioning. The large vacant lower level features high ceilings and additional income potential. Recent improvements include upgraded storefronts, windows and building systems. Situated within a Mixed Use designation along an evolving commercial corridor, the property benefits from nearby redevelopment activity fronting Bathurst Street, including approved rezoning at 3736-3750 Bathurst Street for a 32-storey tower and 10-storey mid-rise comprising 479 residential units and ground-floor retail. This nearby approval highlights the corridor's ongoing shift toward higher-density mixed-use development and supports the opportunity to investigate the subject property's longer-term redevelopment potential. Located next to Starbucks and close to established residential neighbourhoods, shops and amenities, with convenient access to Highway 401, Allen Road and public transit.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
17955 sq. ft. Square Feet
Total Area:
17,955 sq. ft.1,668 m2
Retail Area:
50 sq. ft. %
Office/Apt Area:
50 sq. ft. %
Lot Depth:
159'1½"48.5 m
Lot Frontage:
113'5"34.6 m
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
CR1(c1;r1)*1544), RD(f15;a550*5)
Heating type:
Gas Forced Air Closed
Garage:
Outside/Surface
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$75,705.15 /
2025
Assessment:
$- /
2025
Toronto
Toronto C04
Bedford Park-Nortown
No
Rental equipment, if any, is unconfirmed. Subject to the terms of the Seller's Schedule B.
Inclusions, if any, are subject to the terms of the Seller's Schedule B.
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