Mixed-use investment opportunity in Toronto's King West/Fashion District. The main floor and basement provide retail commercial space, with one residential unit on each of the second and third floors. Both residential units have been recently updated; the second-floor unit is expected to be vacant by November 30. Annual income is approximately $141,000, providing strong holding income and a reported cap rate above 5%. The property's historic character and Adelaide Street West location add long-term appeal. Potential for future redevelopment or adaptive reuse, subject to heritage requirements and municipal approvals. Buyer to verify all income, expenses, tenancies, heritage matters and development potential. One year FREE Property Management included, Ask LA for details. NOTE: One seller is a Registered Real Estate Saleperson. 2421 sq feet (2949 including basement)
Listing Brokerage: Harvey Kalles Real Estate Ltd. - Disclaimer: The information contained in this listing has not been verified by Harvey Kalles Real Estate Ltd. and should be verified by the buyer.
Schedule a private showing of this property with an experienced member of our team.
Waterfront Communities C1 GUIDE
Want to know more about Waterfront Communities C1?
Check out our Neighbourhood Guide and learn more about the schools, parks and people in this neighbourhood.
Share
4
4
16.45 x 85 ft lot
