2818 Bayview Avenue

Multi-family apartment investment property at Bayview and Sheppard being sold under Power of Sale. The existing building is 3-storeys with 20 units that are mostly vacant. Building size is aprx. 19,500 sq.ft with ample surface parking. The building has 10 one-bedroom and 10 two-bedroom units, each containing a private balcony. The land size is 23,958 sf / 0.55 acres. The Property is within 150m of both the Bayview TTC Subway Station and the Highway 401 on-ramp. The property can be positioned as an income producing property with redevelopment upside. The proposed redevelopment of Bayview Village, contemplating over six million square feet of gross floor area, and the proposed 44-storey residential project to the immediate north of the subject Site at 461 Sheppard Ave E, provides precedent for future rental growth and future intensification of the subject Property. Offer date for the Property will be Monday April 29th. Offers will be considered by the Vendor if submitted by 4 p.m. on Monday April 29th.