Acquisition of 350 Queen Street West

With 350 Queen Street West, Navona is pleased to announce another successful acquisition in Toronto‘s trendy Queen Street West retail core in November 2014.

The 3,700 square foot heritage property is located in the prime north side stretch of Queen Street West just east of Spadina Avenue, an area recently dubbed the second coolest neighbourhood in the world by Vogue magazine. The building is centrally located in the Queen West heritage district famous for its mid 19th century buildings with sloped roofs, detailed facades and decorative window styles. Here, attractive low-rise buildings line the street and offer an uninterrupted pedestrian shopping experience and unique streetscape.

350 Queen Street West350 Queen street West,Toronto

While the retail and residential units are fully tenanted, an extensive revitalization of the upper floors and retail space together with a building expansion on additional land to the North is scheduled to begin in July 2015. Navona will draw from its network of preferred contractors and work closely with local architects to preserve as well as enhance the building’s architectural features, while maximizing the economic potential of the building and its premier location.

This transaction continues Navona’s investment expansion into Toronto‘s high volume pedestrian neighbourhoods. It also highlights Navona’s strengths in sourcing viable investment options in select urban areas, while at the same time unlocking value growth through renovation upgrades.

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