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$6,900,000
Status: OFF MARKET
Welcome to a rare and exceptional investment opportunity in one of Scarborough's most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 179,000 sf, 15 stories mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in Value. VTB Available
| Property Type | :Commercial |
|---|---|
| MLS Number | :E8218074 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :15 Apr, 2024 (247 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Community | : Cliffcrest |
| Postal Code | :
M1M 1P4
|
| Price | : $6,900,000 |
|---|---|
| Property Taxes | :$37516.14 |
| Tax Year | :2023 |
|---|
| Cross Street | :Kingston Rd/Rockwood Dr |
|---|
| Fireplace/Stove | :No |
|---|
09 Apr, 2024
TREB #E8218074
Available
$6900000.0
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