Wanna Buy our Building and Make the World Better?
720 Bathurst Street is on the market;
CSI is looking for a social purpose buyer
In case you haven’t heard the news, the Centre for Social Innovation has made the difficult decision to put 720 Bathurst St up for sale and to consolidate its operations at their CSI Spadina location. You can read the whole story here. Don’t worry folks – it will take months if not years to make this shift – everything is still business as usual, and…
… now we gotta get moving to sell this spectacular property to someone who can help transform it into its next life. We are looking for other social purpose user groups that need a gorgeous and brilliantly located building, social impact investors with a vision or a progressive developer who can help transform it into much needed housing in our city. We are open to the creativity of our amazing community and invite you to send this along to someone who might have the ability to manifest this building’s next life.
About 720 Bathurst
Details
Building size: 33,039 SF, 5 Storeys
Site Area: 9,074
Year Built/Renovated: 1920/2010
Property Features
- Magnificent brick and beam housing world renowned Centre for Social Innovation
- Landmark building in prime Annex location – steps to subway
- Commercial/Residential zoning & various permitted uses – opportunity to unlock the property’s highest potential
- Value Add – The CSI building presents investors with a canvas for transformation to add value through multiple avenues
- Intensification – Ability to add significant density
Official Plan Framework
- Currently designated “Neighbourhoods” in Official Plan
- Only 300m from Bathurst Station
- PMTSA mapping does not recognize 720 Bathurst
As of Right Zoning
- R (d1.0) (x438)
- Permits a wide range of uses including “apartment” buildings
- Subject to a 10m height limit
Heritage: Not designated under Heritage Act or listed on City’s registry
720 Bathurst – A Premier Market
- Located within a short walk of the busy intersection of Bathurst and Bloor
- One block to TTC Bloor Line Subway
- Walkable to University of Toronto and downtown
- Broad array of commercial and entertainment services
- Access to public and private schools
- Great neighbourhood with continued market potential as proven through successful Westbank (Honest Ed’s) redevelopment
Neighbourhood characteristics
The Annex-Palmerston Area is a rapidly gentrifying, historic, downtown mixed-use neighbourhood with a mature tree canopy. The residential streets are composed primarily of century old brick houses that, in their origin, reflect a wide range of economic status. It has well-loved parks, a primary and secondary school with surrounding green spaces. It is bordered by three busy avenues with many businesses and restaurants.
Data Room includes:
- Building Condition Report
- Phase II Environmental Assessment
- 2023 operating budget, facility management costs
- Building plans including energy efficiency upgrade plan
- Other materials will be added over time
“The subject property is considered to enjoy a strong location amid a growing residential population, northwest of downtown Toronto’s entertainment district. The property is easily accessible via the Bloor-Danforth Subway Line.”
– Colliers
We are deeply connected to CSI Annex, its vibrant community, warmth and its overall vibe is too beautiful to imagine passing along to another owner. We hope to find a community-minded buyer who will keep cultivating 720 Bathurst as the landmark Annex location we have created.
Expressions of interest to
Tonya Surman, CEO, CSI
Tonya[at]socialinnovation[dot]ca
Application to visit Data Room after NDA
Kyle Shantz, Managing Director, CSI
Kyle[at]socialinnovation[dot]ca
