Deepak Sharma
Broker
Remax Royal Properties Realty Brokerage, Brokerage
Independently owned and operated.
7595 Markham Rd #19 , Markham, Ontario L3S0B6
Cell: 647-229-0670Office: 905-554-0101
$3,000,000
Available - For Sale
Listing ID: C9513223
1286 Dundas St West , Toronto, M6J 1X7, Ontario
| Rare investment/business opportunity!! There are only 9 freehold buildings on this block and only 2 of them have been up for sale in the last 36 years so take advantage while you can to become the next owner of a Mixed Use Commercial Building in this highly sought after area of Little Portugal! Just a stone's throw from the popular Ossington Strip! The ground floor and basement are commercial spaces (total of 2800 sf) and the 2nd and 3rd floor each contain a spacious 2 bedroom apartment (1000 sf each). The ground floor commercial tenant is on a month-to-month lease. There is a residential tenant on the second floor at market rent. The third floor apartment and the basement are currently vacant. The 3rd floor apartment needs renovation but with a little TLC you can easily get the building up to full occupancy at market value rents. Estimated Gross rents should be over $13,000 per month so this building can be cash flow positive for most buyers. The building is also perfect if you are looking to run your own business out of your own property! The commercial zoning permits any retail business. Great bones with solid concrete and steel beam construction. 4 Separate hydro meters (1 for each floor). Gas service for ground floor unit only. Tenants pay their own hydro and gas. The ground floor also has a large rooftop A/C unit. There is a small garage in the back with easy alley access (currently rented). All units also have a back exit. New flat roof in the back above 1st floor (October 2024). New Washer/Dryer (October 2024). Flat roof above the front of the building was installed in 2016. Don't miss out on this amazing opportunity! |
| Price | $3,000,000 |
| Taxes: | $20935.09 |
| Tax Type: | Annual |
| Occupancy by: | Partial |
| Address: | 1286 Dundas St West , Toronto, M6J 1X7, Ontario |
| Postal Code: | M6J 1X7 |
| Province/State: | Ontario |
| Legal Description: | PT LT 4-5 PL D158 TORONTO PT 4 & 5 63R20 |
| Lot Size: | 22.15 x 88.98 (Feet) |
| Directions/Cross Streets: | Dundas St. W. & Dovercourt Rd. |
| Category: | Multi-Use |
| Use: | Retail Store Related |
| Building Percentage: | Y |
| Total Area: | 5060.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 2800 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 31-50 |
| Sprinklers: | N |
| Washrooms: | 4 |
| Outside Storage: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Water: | Municipal |
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| INTERNATIONAL REALTY FIRM, INC. |
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Deepak Sharma
Broker
Dir:
647-229-0670
Bus:
905-554-0101
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Little Portugal |
| Lot Size: | 22.15 x 88.98(Feet) |
| Approximate Age: | 31-50 |
| Tax: | $20,935.09 |
| Baths: | 4 |
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