Welcome to a rare and exceptional investment opportunity in one of Scarborough's most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 179,000 sf, 15 stories mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in Value. VTB Available
Extras
Preliminary feasibility studies have already been conducted, demonstrating the site's suitability for a mid-rise residential development.
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Freestanding
Y
Lot
152.69 x 147.63 ft
Retail Area
4,329 ft2
Office/Apt Area
4,749 ft2
Total Area
9,078 ft2
Air Conditioning
Y
Garage Type
Outside/Surface
Heat Type
Gas Forced Air Open
Utilities
Y
Water
Municipal
Lot/Bldg/Unit Code
Lot
Zoning
Commercial Residential
Seller Property Info Statement
N
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