100 Steeles Avenue West
Vaughan
- Lot Dimension
- 329' × 702'
Distinctive Real Estate Advisors Inc., Brokerage (the “Broker”) has been exclusively retained by 2391347 Ontario Inc.
(the “Seller”) to market for sale 100% Leasehold Interest in Yorkville North Shopping Centre:
• 62,863 sq. ft. neighbourhood shopping centre situated on a 5.31 Acre (231,303.6 sq. ft.) site featuring 329.17 linear
feet of frontage with the ingress/egress Traffic Light being owned by the Sellers of Yorkville North Shopping Centre;
• 92% leased to a complementary list of banks, restaurants, fashion retails and Government service retailers;
• Majority of Tenants have been in place for more than two of their preceding five-year lease terms;
• Commercial Leases in place provide for demolition and relocation clauses;
• Projected to generate in excess of $1.9MM in Scheduled Base Rental Revenue over the next 12 months;
• 22-Year Land Lease runs from May, 2014 to May, 2036 with Leasehold owner having contracted Fixed Price Purchase
Options to Purchase the Fee Simple Title, currently estimated to be below market;
• Leasehold owner also holds a contracted First Right of Refusal to purchase the Fee Simple Title during the whole
term of the lease;
• As part of the Yonge-Steeles Secondary Plan, the City of Vaughan is supporting intensification in the area that
will enable the Yorkville North site to be redeveloped over the next few years to a total of ~1MM square feet of
residential and commercial mixed use density offering Buyers/Investors/Developers with tremendous upside
potential through redevelopment and intensification.
Victoria L. Joly
Founding Partner, Broker of Record, Mortgage Broker
416 500 1238 victoria.joly@distinctiveadvisors.com Distinctive Real Estate Advisors Inc., BrokerageDistinctive Real Estate Advisors Inc., Mortgage Broker License #12592
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