MLS® C13832346 · Listed by HARVEY KALLES REAL ESTATE LTD. Source: TRREB MLS®. THE AGENCY does not represent this listing.
$2,100,000
Att/Row/Townhouse for sale · 4 bed · 3 bath
Signal
36/100
Soft demand, likely to sit
Likely sale price $2,004,842
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?merolinx approval and municipal approvals. 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)