Description

Colliers is pleased to present the opportunity to acquire a fully stabilized, newly renovated mixed-use building at 1048 Kingston Road, Toronto, located at the highly visible intersection of Victoria Park & Kingston Road in the Beaches. The property features 1,383 SF of prime ground floor retail and two residential units - one-bedroom unit at 884 sq. ft. and a two-bedroom unit at 1,474 sq. ft., for a total building area of 3,741 sq ft., offering a diversified and stable income stream with contractual and market rental upside. The residential units are not subject to rent control. Both residential units feature electric split-unit heat pumps. The retail space is prepped with exhaust and make-up air systems to accommodate a future commercial kitchen. The property benefits from upgraded 3-phase power, 2" gas service, and 2" water service. Well-maintained by the Vendor, the building provides a turnkey investment opportunity. Includes on surface parking stall at the rear, currently leased to the two-bedroom residential tenant. Located in a highly walkable neighbourhood, the property is surrounded by abundant amenities including cafes, restaurants, grocery stores, and boutique retails along Kingston Road. Its strong pedestrian and vehicular traffic, combined with convenient transit access, enhances the site's long-term value and desirability. Offered below replacement cost, 1048 Kingston Road represents a rare opportunity for investors seeking a core Toronto mixed-use asset in one of the city's most vibrant east-end communities.