Discover A Premier Investment Opportunity At 1264 Bloor St W, A Mixed-Use Gem Offering Substantial Potential And Immediate Returns. This Corner Building Boasts Four Beautifully Renovated Residential Apartments And Three Strategically Positioned Commercial Units, Generating An Impressive Net Operating Income Of Approximately $140,000. With A 4.75% Cap Rate And Below-Market Rents, This Property Presents A Rare Chance To Elevate Your Portfolio With A Turn-Key Investment Poised For Growth. Located In One Of Toronto's Most Dynamic Neighbourhoods, 1264 Bloor St W Is Surrounded By A Thriving Community Rich In Culture And Convenience. The Property Benefits From A Constant Flow Of Both Vehicular And Pedestrian Traffic, Ensuring High Visibility And Steady Business For Commercial Tenants. The Proximity To Multiple Subway Stations And Excellent Transit Options Makes It Highly Accessible, Adding To Its Appeal For Residential Tenants. Blvd Parking Provides Additional Convenience For Both Residents And Customers.The Residential Apartments Have Been Tastefully Renovated Within The Last 12 Years, Offering Modern Amenities That Attract Quality Tenants. With Current Rents Below Market Value, There Is Potential To Increase The NOI, Reaching A 5.65% Cap Rate. This Property Is Ideally Positioned To Capitalize On The Area's Ongoing Growth And Development.An Appealing Building In A Bustling Location, 1264 Bloor St W Offers A Unique Blend Of Stable Income And Future Potential (Including Development Potential), Making It An Ideal Investment For Savvy Investors Looking To Expand Their Portfolio In One Of Toronto's Most Vibrant Areas. Don't Miss Out On This Opportunity To Own A Piece Of Prime Real Estate In A Highly Sought-After Community. **** EXTRAS **** Marketing Package Available Upon Request. (id:47423)
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Detailed Information
Lot
25 x 100 ft
Listing Contract Date
2024-09-09
Location Description
Bloor & Lansdowne
Property Type
Business
Transaction Type
For sale
Zoning Description
CR3(c1;r2*1556)
Building
Cooling Type
Fully air conditioned
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
25 x 100 FT
Size of Irregular Land
25 x 100 FT
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