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. **** EXTRAS **** Reach out to listing agents for income, tenant's rental terms & more info (id:47423)
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Detailed Information
Bathrooms
3
Lot
17 x 91 ft
Listing Contract Date
2024-11-27
Location Description
Spadina & Baldwin
Property Type
Retail
Transaction Type
For sale
Zoning Description
R(d1*175), CR2.5 (c2;r2*1865)
Building
Appliances
Dryer, Refrigerator, Stove, Washer
Heating Fuel
Natural gas
Heating Type
Other
Size (Exterior)
3400 square feet
Utility Water
Municipal water
Land
Total Size
Bldg=17.08 x 91 FT
Size of Irregular Land
Bldg=17.08 x 91 FT
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