86 Parliament
86 Parliament Street, Toronto, ON
Location
Adelaide St. E. & Parliament St.
Size
20,000 SF
Interest held
40%
Property Overview
Acquired in 2006 for $2,200,000 with Rick Mathews and Simon Winston, 86 Parliament Street was seen as an excellent investment opportunity in the downtown periphery. 86 Parliament is located in the heart of Toronto’s rapidly developing Downtown East District, and walking distance to the Distillery District.
The Downtown East District had unlimited upside potential back when the building was purchased, and since then has seen many upscale retail tenants relocating to the area. 86 Parliament is a four-storey commercial building covering approximately 5,000 square feet per floor. From 2006-2009, the building was re-leased to tenants who would benefit from the intended retrofit of the building and then sold for $2,800,000 at $140/SF with the first floor ideal for retail business and the second, third, and fourth floors perfect for individual rental units for apartments or work studios.
For restricted access to comprehensive and confidential materials on our portfolio, please send an email to craig@smycorp.com or call 416-937-1876