53 Yonge

53 Yonge Street, Toronto, ON

location

Wellington St. E. & Yonge St.

square footage

11,000

interest held

20%

story

Located in the heart of Toronto’s financial core, this 5 storey building is zoned for approximately 14,462 square feet of additional space on the existing 11,557 square foot building. 53 Yonge Street was acquired in partnership with Tom Murphy in May 2008 for $2,645,000 after it had been improved in 2002. Smycorp still retains its original 20% hold in the building and has re-leased the building as ground floor retail with office space above providing ample retail opportunities due to the close proximity of major office buildings including BCE Place and Commerce Court.

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