1286 DUNDAS STREET W new Save Request In-Person Tour Request Virtual Tour
Toronto (little Portugal),ON M6J1X7
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,060 sqft
Price per Sqft $592
Subdivision Little Portugal
MLS Listing ID C9513223
Originating Board Toronto Regional Real Estate Board
Property Description
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! (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Cooling Partially air conditioned
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 1
Private Pool No