Toronto
25 Imperial Street
Location
Yonge & Davisville
Size
24,000 Sq Ft Office
Highlights
280 Meters from Subway
Development
Great Development Potential
Purchased
November 2015
Divested
Summer 2017
The property was purchased as an income producing asset at a 5 cap. The area was going through a major transformation. IE MGT were able to re position the leases and reducing the operating expenses during our 18 month ownership. Ultimately the property was sold to a developer.
Area Features
Midtown Toronto
Midtown Toronto, one of four central business districts outside Downtown Toronto.
According to a survey conducted in 2017 by Toronto Life, it was the highest-ranked neighbourhood in Greater Toronto in terms of housing, crime rate, transit, health, entertainment, people and employment. It is surrounded by a number of the country’s highly affluent neighbourhoods.