$969,900 Sale

Listed 0 hours ago

Unknown

MLS® w13631748 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · 1630

Est. mortgage

$3,680/mo

Key Facts

Key facts for Unknown

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

W13631748

Size

1630 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

Rare mixed-use investment opportunity on the Islington Avenue corridor! Well-maintained commercial/residential property featuring approximately 1,632 sq.ft. above grade, including a street-level retail unit with excellent exposure and a separately accessed renovated 2-bedroom apartment above. The up...per unit has been recently updated with new windows, flooring, kitchen, bathroom and fresh paint, while the main floor commercial space offers an excellent opportunity to modernize and increase rental income. Full basement provides additional storage and utility space. Situated on a deep 17.82' x 196.23' CR1-zoned lot, allowing for a variety of commercial and residential uses (buyer to verify permitted uses). Located on a high-traffic corridor with TTC at the doorstep and quick access to Highways 401, 407 and 427. An ideal opportunity for investors seeking long-term appreciation or owner-operators looking to operate their business while benefiting from residential rental income. Potential to improve cash flow through rental optimization, with projected returns approaching a 5% capitalization rate based on market rents and purchaser's own due diligence. (id:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

1630 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

1630 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

Unit=17.82 x 196.23 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

CR 1.0 (c1.0; r1.0) SS3 (x231)

Land Amenities

Public Transit

Acreage

Unit=17.82 x 196.23 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

CR 1.0 (c1.0; r1.0) SS3 (x231)

Land Amenities

Public Transit

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Water Supply

Municipal water

Community

N/A

Community

N/A

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Tanya Myre

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