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$ 2,499,900
Est. payment | /mo
$ 2,499,900
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto C01
Subdivision Little Portugal
MLS Listing ID C13028898
Annual Tax Amount $24,024
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prominent renovated corner building offering approximately 5936 total sq. ft., with 2488 sq. ft. of commercial space on main, 1885 sq. ft in basement and 1563 sq. ft. of residential space above. This is a strong, hands-off investment opportunity with the potential to rent to two tenants generating over $130,000 annually. The property has been renovated with updated mechanical systems, separately metered, providing peace of mind for long-term ownership. Features a stable, long-term commercial lease in place since 2014, with approximately 8 years remaining on the lease and potential for escalating as of Aug 2027. Tenant pays $7,716 per month, totaling $92,592 annually. The second floor offers vacant possession of a luxurious 3-bedroom, 2-bath apartment, ideal for an owner-occupier or to achieve full market rent and maximize returns. Potential to explore future expansion or redevelopment.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 25.0
Lot Depth 100.15
Others
Security Features No
ParcelsYN No
Virtual Tour https://player.vimeo.com/video/1185213543?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=58479
Listed by ROYAL LEPAGE SUPREME REALTY
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