< img src =" https://storeys.com/media-library/image.png?id=61525223&width=1200&height=600&coordinates=0%2C39%2C0%2C39 "alt=""> A string of business residential or commercial properties along Eglinton Avenue West in the Forest Hill area of Toronto has offered after being on the market for around 9 months. This is according to a transaction statement offered to floor by TD Cornerstone Realty Inc., the company that brokered the sale. The block of structures at 453, 465, 481, 483, and 491 Eglinton Avenue West was unloaded to Skye Capital Partners Ltd. for a cumulative $20,850,000.
Records obtained from Altus Group reveal that 453 Eglinton Opportunity West was sold for $4,750,000 (at a rate of $634 per sq. feet), 465 and 481 Eglinton Avenue West were sold for $6,850,000 (at a rate of $622 psf) and 483 and 491 Eglinton Opportunity West were sold for $9,250,000 (at a rate of $236 psf). All 3 transactions are dated August 14, 2025.
Especially, 491 Eglinton Avenue West is the head office of real estate developer and possession manager TAS, which is identified in the transaction records as the vendor in all 3 transactions. When gotten in touch with for remark, a representative for the company clarified that TAS is an occupant in among the buildings and offered residential or commercial property management services to the previous owner, however were not the seller.
Future redevelopment potential of 453, 465, 481, 483, and 491 Eglinton Opportunity West/TD Foundation Realty Inc.TD Cornerstone has suggested they are not at liberty to discuss the prior ownership of the properties.The sales brochure prepared by TD Foundation explains the 0.49-acre property as having a frontage of 214 feet along Eglinton Opportunity West and 57,726 sq. ft of gross leasable area(GLA)– 69%office, 24 %retail, 7%residential. It also defines that an occupancy rate of 84%, a weighted typical lease term (WALT)of 3.5 years, and”stable capital profile through a staggered expiration schedule. “Offered the property’s situation, in between the Chaplin and Avenue stations of the future Eglinton Crosstown LRT, the brochure makes specific note of the chance for increase.” Present zoning enables a six-storey mixed-use advancement and if rezoned, the site is anticipated to support as much as 16 floors based upon the most recent planning report from Bousfield,”it says.” Additionally, there are several development applications consisting of a variety of constructed kind in the
area. Two advancement applications in the immediate location include a 19-storey residential building at 444-446 Eglinton Avenue West and a 10-storey property structure at 346-356 Eglinton Avenue West. Active condominium developments have accomplished 76%in sales at a typical price of$1,429 psf. “With files from Howard Chai.