Description

Exceptional opportunity for developers, end users and retail investors to acquire a multi-tenant commercial property with future redevelopment potential on Bathurst Street, just south of Highway 401. Situated on a 0.42-acre corner lot with approximately 113 feet of Bathurst Street frontage and on-site parking, the property combines prominent exposure, existing rental income and substantial vacant space with the opportunity to explore future residential/mixed-use redevelopment, subject to municipal approvals. Known as the former "Sea-Hi" building, the property comprises approximately 17,955 sq. ft., including 9,172 sq. ft. above grade and a substantial 8,783 sq. ft. lower level. Offering a mix of retail and office space, approximately 4,451 sq. ft. is currently leased, with vacant space providing flexibility for a purchaser's own occupancy, lease-up and repositioning. The large vacant lower level features high ceilings and additional income potential. Recent improvements include upgraded storefronts, windows and building systems. Situated within a Mixed Use designation along an evolving commercial corridor, the property benefits from nearby redevelopment activity fronting Bathurst Street, including approved rezoning at 3736-3750 Bathurst Street for a 32-storey tower and 10-storey mid-rise comprising 479 residential units and ground-floor retail. This nearby approval highlights the corridor's ongoing shift toward higher-density mixed-use development and supports the opportunity to investigate the subject property's longer-term redevelopment potential. Located next to Starbucks and close to established residential neighbourhoods, shops and amenities, with convenient access to Highway 401, Allen Road and public transit.