- What QuadReal Property Group has bought two mixed-use buildings in Toronto, RENX reported
- Why Properties have commercial and residential tenants
- What next The site could be redeveloped
QuadReal Property Group has bought two mixed-use buildings in Toronto for $24.25m, RENX reported.
The low-rise buildings at 1149 and 1153 Queen Street W were sold by artist Ben Woolfitt. Lennard brokered the deal. It marketed the properties as a development site.
Tenants at 1153 Queen include a dental clinic, a convenience store and a tattoo parlor, and about 4,000 sq ft is vacant commercial space, according to RENX. The second level has 10 fully occupied residential units. The smaller building at 1149 Queen is occupied by a cannabis store and an artist studio.
The property is on the Queen streetcar line and just north of the planned King-Liberty GO Transit station.
