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$ 2,298,000
Est. payment | /mo
3 Baths
3,400 SqFt
$ 2,298,000
Est. payment | /mo
3 Baths
3,400 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $675
Subdivision Kensington-Chinatown
MLS® Listing ID C11228323
Originating Board Toronto Regional Real Estate Board
Property Description
Prime 3-storey mixed-use investment opportunity on bright West side of Spadina Ave. Quality ground floor retailer with secure Lease (4 years remain) offers steady income stream + 2 recently renovated residential apartments on 2nd & 3rd floors. 2nd floor apartment vacant & 3rd floor apartment is M2M quality tenant. Fully leased this building generates over $11,350 per month or $136,200 annually in gross income. Recent 2023 upgrades to residential apartments include: vinyl flooring, new paint, new windows and skylights, laundry, new electric light fixtures, tile floors in washrooms, new furnace, & new building sewer line. This property offers high pedestrian & vehicular traffic and is steps to Kensington Market, the AGO, U of T, Chinatown, TTC access & quality retail. Development upside through potential future assembly of nearby properties & asset appreciation with future Ontario Line station at Queen & Spadina. **EXTRAS** Reach out to listing agents for income, tenant's rental terms & more info (id:24570)
Location
Province ON
Interior
Heating Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by FOREST HILL REAL ESTATE INC.
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