Prime Residential High-Rise Site for Sale in Midtown Toronto
Property Details:
Intercity Realty has been engaged by TDB Restructuring Limited, in its capacity as Court-appointed Receiver of Grmada Holdings Inc. to facilitate the sale of a 100% freehold interest in 3742, 3748 & 3750 Bathurst Street (the “Property”).
A rare opportunity to acquire a prime high-rise site with commercial space on ground floor.
Located at Bathurst St. and Wilson Ave.
The property is sold on an “as is, where is” basis, with no warranties or representations from the vendor.
Data Room:
Available upon CA and RECO Information Guide being signed.
Offering Guidelines:
The Receiver’s objectives are to maximize the sale price of the property and complete a disposition with limited, or if possible, no conditions. Parties are invited to submit an Agreement of Purchase and Sale through Intercity Realty for the Property.
As part of their submission, potential purchasers are encouraged to include:
- An outline containing key principle of the company
- Demonstrated ability to close a transaction of this magnitude
- A brief business history
Any Transaction for the Property is Subject to Court Approval
Prospective Purchasers should note that the Receiver is under no obligation to respond to, nor accept, any proposal. The vendor reserves the right to remove the Property from the market and to alter the offering process (or the timing thereof) at its sole discretion, without being obligated to justify its decision in any way.
Selling Entity
Sold on behalf of TDB Restructuring Limited, solely in its capacity as Court-appointed Receiver of Grmada Holdings Inc.
Address:
3742, 3748, 3750 Bathurst St., Toronto, ON
Legal Description:
3750 Bathurst St:
Lots 27-29, Plan 2053 TWP of York, (Except Part 2 on 64R1566) City of Toronto
3748 Bathurst St:
Lots 28, Part of Lots 27, 33-34, Plan 2053 TWP of York, City of Toronto
3742 Bathurst St:
Lots 25-26, Part of Lots 23-24, 27, 33-34 & 38-40, Plan 2053 TWP of York, (Part 1 on 64R4695), City of Toronto
Site Area:
1.28 Acres (55,842 sq.ft.)
Frontage:
226.62 ft. on the West side of Bathurst St.101.53 ft. on the South side of Wilson Ave.
Planning:
Mixed Use Area
Zoning:
AV-Mu – Avenue Mixed Use
Draft Approval Development:
30-Storey & 11-Storey Mixed Use Buildings with a Combined 479-Residential Units and Commercial Space on its Ground Floor
Approved GFA:
404,077 sq.ft.
Services:
Full Municipal Services are provided to the property