2913 Dundas Street For Sale

Toronto, Junction Area, M6P 1Z1

$1,930,000

Description

Listed by CUSHMAN & WAKEFIELD.

Coveted investment property for sale in the heart of the Junction offered at healthy going in 5.1% cap rate. Fully renovated building in Landmark location. Ground floor leased to AAA optometrist tenant on strong triple net lease, who has tenanted the building for 15 yrs & in business in The Junction for 42 yrs. Current lease term runs to 2027 + option to renew (&desire for tenant to stay) with annual rent escalations. 2nd Fl is 1x1 bedroom apartment and 1x2 bedroom apartment, both leased to reliable and responsible tenants. Retail unit has a fully renovated lower level of approx 1000 SF of additional + usable space, currently used for optometry lab. Clean, well-maintained building with top to bottom renovations. A strong carefree investment with future upside. 2 parking spaces at rear. Modern heating/cooling system. Bright, clean apartments, recently renovated & repainted. Front and rear access with rear laneway. Rare opportunity to buy a stable cash flowing property on the best block in the Junction.

Low maintenance, well cared for property along the bustling Junction's best retail block.

Location

View Map
  • Address: 2913 Dundas Street
  • Neighborhood: Junction Area
  • City: Toronto
  • State: Ontario
  • Postal Code: M6P 1Z1

Property Details

  • Property ID: W10428390
  • Property Price: $1,930,000
  • Style: Commercial/Retail, Retail
  • Garage: Lane
  • Parking Spaces: 2
  • A/C: Y
  • Basement: Y
  • Heating: Gas Forced Air Open
  • Taxes: $14,869.00 (2024)
  • Lot: 130.00x17.08 (Feet)

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100