Navona is pleased to announce the sale of 5 Cheviot Place in Toronto, Ontario at a substantial profit. The 53,350 square foot property was acquired by Starlight Acquisitions Ltd. in October 2017 and has been in Navona’s portfolio for over 25 years.
This 40 unit residential townhouse complex is located on the busy corner of Kipling and Eglinton Avenue and boasts individual suite patio access. In comparison to modern day standards, the 2 floor units are large in size and provide excellent access to public transit as well as all major highways.
Navona would like to thank our marketing partner Jones Lang Lasalle, who ran a successful advertising campaign that resulted in the expeditious disposition of 5 Cheviot Place.
2199 Bloor Street West, Toronto: The ground floor space with 3,025 square feet was recently leased on a long-term basis to a new gastro-pub restaurant which is planning to open in the spring of 2018.