Toronto

55 Ontario St.

Location

King East

Size

6,400 sq ft

Purchased

Summer 2017

Occupancy

Spring 2021

Tenants

For Lease

Which are two of the areas major commuter streets. As mentioned with respect to 284 King Street East, there has been immense development and investment in downtown east. First Gulf has heavily invested in the east end of the city with more than 150,000 SF of new retail space to be added through their mixed-use developments. First Gulf’s new office development is steps away from this site, located just down the road at 25 Ontario Street. Market rents just off main streets in nodes similar to this currently command net rents from the low 30’s to high 40’s, based on site-specific characteristics i.e. size, frontage, and co-tenancy. There are two retail units located on the ground floor of this site that benefit from great exposure and 14 ft. ceilings.

Furniture & Design District, King Street East

Distillery District, Parliament Street

King St East

The original heart of Toronto is being redefined as a thriving neighbourhood with an exciting and sustainable mix of residential, retail and commercial properties with close to 50 projects in development. Historic buildings like the world famous St Lawrence market and the Distillery District share this community with companies like Coca Cola and the Globe and Mail. A globally leading digital neighbourhood of the future is being developed by Alphabet/Google and will connect King East with the lake. Cutting edge furniture and design retailers create a vibrant retail environment during the day and unique restaurants and bars offer diverse options in the evening.