Lawrence Park is a prominent commercial property located on Yonge Street, between Lawrence Avenue and Eglinton Avenue, in one of Toronto’s most desirable residential neighborhoods. The property features 12,921 square feet of prime retail space with exceptional visibility and frontage along bustling Yonge Street, along with 55 underground parking spaces to accommodate shoppers and visitors. The property is owned and managed by Terracap, which oversees both the retail operations and the underground parkade. Notably, 2715 Yonge Street is part of this property and offers 1,698 square feet of retail space at street level, benefiting from excellent pedestrian and vehicular visibility. This makes it an ideal location for businesses seeking to establish themselves in one of Toronto’s most vibrant and affluent areas. A Strategic Acquisition and Visionary Development In 1989, Terracap acquired the foundation of what would become this thriving mixed-use development by purchasing an old Hudson Movers Warehouse. This initial purchase secured 200 feet of Yonge Street frontage (50 feet deep), strategically situated between Lawrence Avenue and Eglinton Avenue. Building on this momentum, Terracap expanded its footprint by acquiring a second block just south of the warehouse through a $10 million joint venture deal. This second acquisition added an additional 200 by 200 feet of prime real estate, significantly increasing the development potential of the site. With this expanded property, Terracap successfully rezoned the land for mixed-use purposes, transforming it into a combination of commercial retail and residential space. The development aligned seamlessly with the character of Lawrence Park, one of Toronto’s most sought-after neighborhoods, known for its upscale homes, established community, and proximity to premier amenities. A Successful Joint Venture As part of the joint venture, Terracap’s partner developed and sold a condominium project on the site, leveraging the demand for residential space in the area. Terracap retained ownership of the 12,921 square feet of retail space fronting Yonge Street and the 55 underground parking spaces. This arrangement not only allowed Terracap to realize significant value from the residential component but also ensured long-term income potential from the retail and parking assets. Ongoing Management and Value Creation Today, Terracap continues to own and manage the retail and parkade components of the property, maintaining them on behalf of its investors. The retail spaces attract a mix of tenants that benefit from the high traffic and affluence of the neighborhood, while the underground parking adds a valuable amenity for both customers and tenants. Lawrence Park’s location along Yonge Street ensures consistent demand, with excellent accessibility and proximity to public transit, including nearby TTC subway stations. The property represents a long-term investment in one of Toronto’s most prestigious neighborhoods, combining stability, growth, and lasting appeal in the competitive commercial real estate market. By blending visionary development, strategic acquisitions, and proactive management, Terracap has positioned Lawrence Park as a prime example of its ability to unlock the potential of urban real estate assets while delivering ongoing value to its investors.