493 Bloor

493 Bloor is a 3-story commercial and residential mixed-use building, steps to one of the busiest intersections in Toronto downtown area, Spadina Road and Bloor Street.  Its heavy foot traffic all year round, its vibrant and scholarly University of Toronto neighbourhood, and its convenience and proximity to all downtown major attractions, make the asset a gem for long term holding.  It is particular suitable for high net worth individuals to park their wealth for capital preservation and long term growth.

The main floor tenant is a long time sushi restaurant with a well established business.  It has a long term lease in place with an annual increase for the next 5 years.  

The second and third floor are two self-contained residential suites.  With a good amount of renovation, changing suite layout, changing tenants and adding short term rental, we can increase the residential rents threefold.  

The total value of the asset is expected to increase by roughly 50% after it is stablized.