C$23,985,000

14 McCaul Street | Commercial Building for Owner Use, Investment or Future DevelopmentJust north of Queen Street West in downtown Toronto, 14 McCaul Street is a three-storey brick-and-beam commercial building with approximately 24,000 sq. ft. of rentable area. Main-floor premises are available for a purchaser's own use. OCAD University, the Art Gallery of Ontario, Osgoode subway station and the University Avenue hospital district are within walking distance.The building offers approximately 6,000 sq. ft. per level across three above-grade storeys and a semi-basement. A freight elevator connects all four levels. Rear loading access and 600-amp, three-phase electrical service support the building's commercial operations.A purchaser may also explore a modest increase in density while retaining the existing building. A structural engineer has indicated that a two-storey addition may be feasible with minor reinforcement, subject to detailed engineering and municipal approvals. For longer-term redevelopment, a separate illustrative 20-storey concept has been prepared. Its proposed height and density have not been approved.