- What A private investor nabbed 111 Wellington Street West
- Why The valuation works out to $350/sq ft
- What next The property is zoned commercial-residential, permitting a variety of uses
A vacant office condominium in downtown Toronto has sold for $9.1m, Green Street News can reveal.
A numbered Ontario company operated by a private investor acquired 111 Wellington Street West in a deal that closed in mid-November. Avison Young acted on behalf of the buyer and the seller, a private group of investors who have held the property for 20 years.
The valuation for the 26,000 sq ft asset works out to $350/sq ft. The five-storey office condo was listed for sale in the spring.
111 Wellington Street West was completed in 1990. It has a private elevator and underground parking. The property is zoned commercial-residential, permitting a variety of uses including medical, education, office and retail.
At the corner of Wellington Street West and York Street, it’s close to St Andrew Station, Union Station and the Gardiner Expressway. Access to the PATH system is available nearby at 95 Wellington Street West and 70 York Street.
