964 Kingston Road, Toronto, Ontario, Canada, M4E1S7

1,499,999
for Sale

About the property:

Offering an attractive 5.3% year one cap rate with annual rental escalations from the retail tenant, this turnkey mixed-use investment presents secure and growing cash flow in Toronto's highly sought-after Upper Beaches neighbourhood! Fully renovated asset featuring a long-standing convenience store tenant on a triple net lease, minimizing landlord responsibilities and providing stable long-term income! The property includes 1,687 SF of renovated retail space along with a spacious 2-bedroom second floor apartment featuring a large private deck, providing stable supplemental residential income. Extensive upgrades completed including storefront windows, entry doors, flooring, and electrical improvements. Ideal passive investment with low management intensity and strong income stability! This one is worth checking out!
Commercial Retail false
Property Type:
Commercial Retail
Status:
for Sale
Land Size:
18.37 x 95.08 FT
Business Type:
Commercial/Retail
Heating Type:
Gas Hot Water
Cross Street:
Kingston Rd & Scarborough Rd
Annual Property Taxes:
13,218
Listing ID:
E13209112

Rooms

Dimensions

Brokered by:
Intrust Commercial Real Estate Brokerage Inc.
Source: TRREB/PROPTX
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