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Distress - power of sale
2
Current site plan proposes a 57-storey, 585-unit condominium development with a total GFA of 504,067 SF and the Sony Centre will be
preserved. This transaction was negotiated more than three years ago.
3
The sale of 609 Avenue Road included a profit participation clause in addition to the consideration.
4
A joint venture, price shown only reflects partial interest of the deal
5
Adjusted price to account for a built underground parking garage for 160 cars
6
Purchase of partial interest of a project already under construction. The buyer indicates their assessed value of the land is in the range
of $30/sf
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Sold by Stephen Ho. Mixed-use development site with premium retail component
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Purchase price includes 118 pre-built underground parking stalls
GTA Condominium Market Update – September 2009
Stephen Ho’s Listings/Recent Activity Update:
3665 Lawrence Avenue East (formerly Canadian Tire site), Toronto – SOLD CONDITIONAL
The 2.52-acre site is improved with a vacant single storey retail building, once a former Canadian Tire store with approximately 26,292
SF above-grade, plus basement, and 141 surface parking spaces. Excellent redevelopment potential – designated Mixed Use under
new Official Plan. Asking: $3,750,000
283 Spadina Avenue, Toronto – SOLD
A “trophy” commercial/retail building located at the corner of Dundas and Spadina in the heart of Toronto’s Chinatown, with TD Bank
as anchor tenant. It has 105 feet frontage on Spadina Avenue with 22,345 SF of rentable area. Tremendous upside potential. Offer
Submission Deadline: June 18, 2009. Asking: $6,500,000; sold for $6,710,000
409 & 417 Lakeshore Road West, Oakville – POWER OF SALE – SOLD
2.29-acre luxury residential development site close to waterfront and Appleby College; 13 partially serviced lots with a renovated
heritage house on one lot. Offer Submission Deadline: July 24, 2008. Under power of sale; sold for $3,999,000