Description

6.38% cap rate on income in place, 7.50% at market, and the building is now fully leased! Seven income units in one three storey mixed use building on Dundas West in the Junction, and four of them are commercial, which is rare at this size. The main floor storefront just leased at $5,500 a month plus HST on its own hydro meter: approx 1,100 SF at grade with 10 ft 6 in ceilings plus 850 SF of finished lower level, renovated end to end. Behind it, a boxing studio leased to May 2028. A third floor studio and a lower level live/work space round out the commercial side. Three apartments above, every one with private outdoor space, and the last of them let in November at $1,850 plus hydro. Two of the three still rent well under market. Coin laundry too. Approx 6,400 SF leasable on a 26 x 134 ft lot with two parking spaces off the laneway. $195,926 gross income and $152,202 NOI, with every expense line tied to the 2026 final tax bill, the current insurance policy and twelve months of utility bills. Offering memorandum, rent roll and virtual tour available.