Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercial space, with one residential unit on each of the second and third floors. Both residential units have been recently updated; the second-floor unit is expected to be vacant by November 30. Annual income is approximately $141,000, providing strong holding income and a reported cap rate above 5%. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future redevelopment or adaptive reuse, subject to heritage requirements?merolinx approval and municipal approvals. One year FREE Property Management included, Ask LA for details. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement)
Highlights
What's included
Existing Stove, Fridges, Furnace. One year FREE Property Management included, Ask LA for details
Listed by HARVEY KALLES REAL ESTATE LTD. · you'll reach a vetted Nested agent · replies < 2h
More like this
Nearby homes of a similar type and price