545 Annette St, Toronto, Ontario, M6S 2C3

Description

Rare Bloor West Village Trophy Asset - A Retail Plaza In The Middle Of The City. Fully Tenanted 8-Unit Mixed-Use Corner Building At The Signalized Intersection Of Annette St & Runnymede Rd: 4 Retail Storefronts + 4 Residential Apartments (~5,800 Sf Total) On A Large Corner Lot With ~138 Ft Of Prime Exposure On Two Arterials. 100% Leased With A Long-Tenured, Complementary Service Tenant Mix. Two Commercial Leases Carry Contractual Annual Escalations Through 2030 - Organic Noi Growth With No Renewal Risk. Net Operating Income $189,009 (5.94% Cap At List), Growing To A 6.43% Cap Over 5 Years On Signed Contracts And Guideline Increases Alone; Market Rents Support A 6.91% Stabilized Cap. Recent Capital Improvements: Boiler (2024), Roof (2025). Steps To The Bloor West Village Retail Strip, Runnymede Ttc Subway Station And High Park; Quick Access To Downtown & Etobicoke Via The Gardiner. Official Plan: Mixed Use Areas; CR Zoning - As-Of-Right Permissions For Additional Height And Units Offer Long-Term Development Upside. Easy To Lease, Easy To Manage, Impossible To Replicate.