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Vendor providing vendor takeback mortgage with only 25% down at preferable rates, with option to renew, Located on a main artery intersection of Merivale Road and Clyde Avenue, Merivale Road frontage creates high foot traffic for retail vendors, Well-established local and national tenancies who have been there long-term and intend on staying, 27,057 square feet of retail on 2.2 acres of land, 1 +/- acre of land for development, 60+ parking spots located in front of the plaza with additional in the back.
This well-located asset has a total building area of 27,057 square feet, 23, 957 SF is ground floor use and 3,100 SF is second-storey walk-up. In addition to the retail space, it also has 1 +/- acre of development land in the back portion of the plaza with frontage on Kerry Crescent. The frontage onto this residential street makes the additional land an excellent multi-residential development opportunity. This attractive property also has excellent street access to Merivale Road which has an abundance of amenities just steps away. The site has over 60+ surface parking spots available in the front of the building, and an abundance of parking available around back.
Colliers International is Canada’s largest commercial real estate services company, providing a full range of services to real estate occupiers, developers and investors. Services include brokerage, real estate management, valuation, consulting, project management, project marketing and research. Through a culture of service excellence and a shared sense of initiative, Colliers Canada and our more than 1,400 professionals integrate the resources of real estate specialists across Canada to accelerate the success of our clients. In 2013 alone, Colliers Canada concluded more than 4,600 sale and lease transactions on behalf of investors and occupiers totaling some $7.8 billion across Canada. Colliers also completed more than 1,400 property valuations in 2013 and currently manages 46.4 million square feet of space.