East End-Danforth, M4E 1S7
Description
Offering an attractive 5.3% year one cap rate with annual rental escalations from the retail tenant, this turnkey mixed-use investment presents secure and growing cash flow in Toronto's highly sought-after Upper Beaches neighbourhood! Fully renovated asset featuring a long-standing convenience store tenant on a triple net lease, minimizing landlord responsibilities and providing stable long-term income! The property includes 1,687 SF of renovated retail space along with a spacious 2-bedroom second floor apartment featuring a large private deck, providing stable supplemental residential income. Extensive upgrades completed including storefront windows, entry doors, flooring, and electrical improvements. Ideal passive investment with low management intensity and strong income stability! This one is worth checking out!
Features
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Category:
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Total Area: 2,987 sqft
- Office Area: 1,300 sqft
- Retail Area: 1,687 sqft
- Parking Types: None
Details
- Zoning: Commercial/Residential
- Tax: $ 13,218
- Alcohol Allowed: N
- E13209112
- Listing contracted with: INTRUST COMMERCIAL REAL ESTATE BROKERAGE INC.
