Got a spare $51 million? You could buy this former RONA big box in Toronto

Not long after RONA inc. was acquired by Sycamore Partners, a private-equity firm in New York City, at the beginning of 2023, the company consolidated a few of its big boxes in Canada. One of the closures was this former 113,000 sq. ft. RONA Home & Garden in the Golden Mile area of Scarborough, a suburb of Toronto. It is now on the market by Navona Investor Services using the commercial real estate firm Avison Young. They are asking a lease price of $19.95 per square foot (source: Avison Young) or for purchase at $50.9 million (source: React News, a real estate news service).