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$2,249,000

297 OLD KINGSTON RD Toronto Ontario M1C1B4 Canada Listing ID: E4322085
Bedrooms: 0
Bathrooms: 0
Property Type: Business
Building Type:

Property Description

Excellent Investment Opportunity. Corner Freestanding Property In Very Good Condition. Over 5000 Sq Ft + Finished Lower Level. Long Term Lease In Place: Main & Lower Level To Montessori School With 3 1/2 Years Remaining ($7,000 / Mo Goes To $8,000 / Month May 1, 2019 With Two 5 Year Options At Market Rate. Upper Level 2 Renovated 2 Bedroom Apartments At $1475 / Mo Each Net. Collect Excellent Rent While You Wait For Future Development Opportunities.
**** EXTRAS **** Cap Rate Of 4.43% Rises To 5% May 1, 2019. 17 Parking Spots In Front Plus More On Rear Ramp.

Building Details

Cooling Type Fully air conditioned
Fireplace Present
Size Interior 5074 sqft
Utility Water Municipal water

Additional Information

Features 0
Ownership 0
Parking
Transaction For sale
Land
  • Size Total Text: 124.08 x 132 FT ; Per Mpac And Irregular Per Survey
  • Acreage:
  • Amenities: Highway, Public Transit
  • Size Irregular: 124.08 x 132 FT ; Per Mpac And Irregular Per Survey
Listed by: RE/MAX HALLMARK REALTY LTD.. The listing data is deemed reliable but is not guaranteed accurate.

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