
1/21740-B SPRUCEWOOD AVENUE Unit# 2, LaSalle, ON N9J0E6
Price on request
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Asset Class
Industrial
Size
—
Building class
C
Zoning
IB — Industrial Business
$ / SF
—
Occupancy
89%
Clear height
34 ft
Loading docks
2
Welcome to LA Towns — the next chapter of 1740 Sprucewood Avenue. Located at the high-tra??ic corner of Sprucewood Avenue and Malden Road in the heart of LaSalle, 1740 Sprucewood Avenue has been developed as two distinct condominium communities. 1740-A is LA Suites, completed in 2024 and now fully sold and closed out, while 1740-B is the next phase of the development. Three boutique mixeduse buildings are planned, each with only two ground-floor commercial units and residential condominium suites above. Commercial Unit 1 o??ers approximately 1,088 sq. ft. and Commercial Unit 2 approximately 1,528 sq. ft., with the ability to combine both for a larger footprint. With construction approaching, now is an ideal time to secure your space. Build-to-suit options are available, allowing the landlord to complete a customized build-out during construction and avoid the cost and disruption of retrofitting a finished unit later. The spaces are well suited for retail, medical, professional o??ice, café or restaurant, service-based businesses and other neighbourhood-focused uses. 100+ parking spaces are available just steps from the commercial entrances, with low CAMs providing an additional advantage. Potential outdoor patio space may also be available, depending on use and approvals. A rare opportunity to lease brand-new, customizable commercial space in a high-end mixed-use development with a strong LaSalle location, flexible unit sizes, built-in residential density and exceptional parking. Another development by Brotto Development Corporation and Suburban Construction & Management Ltd. For more information, please visit www.latowns.com. (id:66811)
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Monthly debt service
$7K
Projected NOI
$75K
Annual cash flow
$-8K
Cash-on-cash
-1.83%
DSCR
0.90
Going-in cap
4.99%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
46,623
Households
16,862
Median income
$65,500
Median age
40.2
Daytime population
50,590
5-yr growth
3.8%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1740-B SPRUCEWOOD AVENUE Unit# 2, LaSalle.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.