Overview
- Updated On:
- February 3, 2025
- 3 Bedrooms
- 3 Bathrooms
- 3,593 ft2
Description
Attention Investors! Looking for an excellent location that provides a healthy
return on investment? You’ve found it! This recently updated and super well
maintained mixed use building with 2 residential and 1 commercial unit is truly a
remarkable find. The building is located on the proposed LRT route with multiple
future transit stops within close proximity, literally! Being on the corner lot of
King St E, the property is exposed to high traffic and a great amount of
pedestrians passing by. About the building: Unit 1(Convenience store: Currently
Leased for $2500+HST monthly with rent increasing to $2700+HST in July 2025,
Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is in
place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2
bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades),
Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3
beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades),
POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances.
In addition, there are separate Hydro/Gas meters in place for the units. The
Electrical room has been nicely organized and updated with 800 AMP service for the
building! Parking for more than 5+cars. Landlord only pays for Property Tax,
Property Insurance & Water Heater Rental. Super low cost to operate the building
as the Retail Tenant maintains the property (Snow, Garbage removal, & more).
- Principal and Interest
- Property Tax
- HOA fee
