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$8,295,000
Status: OFF MARKET
Income producing Retail Plaza with annual projected NOI of $473,549 based on current monthly base rents. NOI for 2025 projected to increase by 5% based on lease escalations. Application for Redevelopment submitted for 9-storey mixed-use building with 148 residential units and GFA of 109,189 square feet including 4,639 square feet of commercial use. Assembly Opportunity possible with adjacent properties. Recent improvements to property include increased lighting, new sign boxes above each unit, and update to building facade. High traffic along 6-lane Kingston Rd. Highly visibility to passing traffic. Public transit and close Proximity To Guildwood & Eglinton Go Stations. Floor plans and survey attached. Rent roll available with signing of Non-Disclosure Agreement. Please do not disturb tenants. *Address is 4280-4288 Kingston Rd
| Property Type | :Commercial |
|---|---|
| MLS Number | :E8475614 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :25 Jun, 2024 (284 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M1E 2M8
|
| Price | : $8,295,000 |
|---|---|
| Property Taxes | :$48169.94 |
| Tax Year | :2023 |
|---|
| Cross Street | :Galloway |
|---|
25 Jun, 2024
TREB #E8475614
Available
$8,295,000
