1188 Weston Road Sold Invalid date

Toronto, Mount Dennis, M6M 4P4

$1,845,000$000000

Description

Listed by CUSHMAN & WAKEFIELD.

High cash flow investment opportunity in booming development node, steps to new major transit hub. One large retail/industrial furniture store + design space, plus 2 large 3 bedroom apartments. Flexible leases with reliable cash flow, perfect for an investor to capitalize off growing rents, an end user looking to occupy, or future development/repositioning favored by redevelopment provisions in lease. Deep lot that widens at rear. Unique space. VTB / favorable seller financing is available. Potential Seller financing available at 4% rate. Commercial space is leased, but term flexibility could allow for an end user to occupy.

Building is fully leased with current gross income of approx. $142,200 per annum, showing a healthy prospective cap rate with future rental growth as leases renew / expire. Strong residential income of $61,200 de-risks property.

Location

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  • Address: 1188 Weston Road
  • Neighborhood: Mount Dennis
  • City: Toronto
  • State: Ontario
  • Postal Code: M6M 4P4

Property Details

  • Property ID: W6809664
  • Property Price: $1,845,000
  • Style: Commercial/Retail, Multi-Use
  • Garage: Lane
  • A/C: Part
  • Basement: Y
  • Heating: Gas Forced Air Open
  • Taxes: $11,830.00 (2023)
  • Lot: 125.00x18.00 (Feet)

Property History

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Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100