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$2,298,000
Status: For Sale
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :C11228323 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :27 Nov, 2024 (31 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Community | : Kensington-Chinatown |
| Postal Code | :
M5T 2G5
|
| Price | : $2,298,000 |
|---|---|
| Property Taxes | :$27852.26 |
| Tax Year | :2024 |
|---|
| Cross Street | :Spadina & Baldwin |
|---|
| Fireplace/Stove | :No |
|---|
27 Nov, 2024
TREB #C11228323
Available
$2298000.0
