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$3,000,000
Available - For Sale
Listing ID: C9513223
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: $20,935.09
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.
Zoning: CR2.5(c1;r2*2264
Category: Multi-Use
Use: Retail Store Related
Building Percentage: Y
Total Area: 5,060
Total Area Code:  Sq Ft
Retail Area: 2800
Retail Area Code: Sq Ft
Approximatly Age: 31-50
Sprinklers: N
Outside Storage: N
Heat Type: Baseboard
Central Air Conditioning: Part
Water: Municipal
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INTERNATIONAL REALTY FIRM, INC.

1286 Dundas St West , Toronto, M6J 1X7, Ontario


 
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Type: Com - Commercial/Retail
Area: Toronto
Municipality: Toronto
Neighbourhood: Little Portugal
Style:
Lot Size: 22.15 x 88.98(Feet)
Approximate Age: 31-50
Tax: $20,935.09
Maintenance Fee: $0
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Baths: 4
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