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Ontario  + Quebec  + Office  |  August 27, 2024
Photo of downtown Toronto office building.
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By: Monte Stewart

Arkfield Buys Downtown Toronto Waterfront Office Building

Arkfield has purchased an office building on the downtown Toronto waterfront for an undisclosed price.

The seven-storey structure at 10 Lower Spadina has long-term development potential, said the company.

The building offers unobstructed views of Lake Ontario and is well-positioned to benefit from ongoing waterfront revitalization efforts, such as new public spaces, cultural site and enhanced transit options, Arkfield added.

The seller was not disclosed.

Toronto-based Arkfield owns and develops commercial and residential properties across Ontario.

Photo: Avison Young

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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