- What 2010 Eglinton Avenue West is on the block
- Why The valuation works out to $259/sq ft.
- What next Avison Young has the assignment
A medical office building in Toronto is on the block for $9m as part of a court-appointed sale.
Avison Young has the assignment for 2010 Eglinton Avenue West. The valuation for the 35,000 sq ft building is $259/sq ft. It’s 95.3% occupied by nine tenants in the healthcare and family services fields, including Bluewater Imaging, Fairbank Dental and Yorktown Family Services.
West Eglinton Medical Centre was completed in 1991. There are 58 underground parking stalls and six ancillary surface parking spots.
The property is 400 m from Dufferin Street, 2 km from Allen Road and Eglinton West Station, and 4 km from Highway 401. Upon completion, Fairbank Station on the Eglinton Crosstown LRT will be nearby.
MSI Spergel was appointed receiver for the property in March, and the building was listed in October.
As of December 2023, the debtor owed Duca Financial Services Credit Union $6.6m pursuant to credit facilities from 2017 and 2021. A construction lien has been registered against the property in favour of PharmMed Construction.
Ciro Adamo is principal for the debtor.
