297 Old Kingston Rd

Scarborough, M1C1B4
UNAVAILABLE
297 Old Kingston Rd, Scarborough
Multi-Use
CATEGORY
5,074 Sq Ft
TOTAL AREA
E4322088
MLSID
Contact Us
Property Description
Excellent Investment Opportunity. Corner Freestanding Property In Very Good Condition. Over 5000 Sq Ft + Finished Lower Level. Main / Lower Level Leased Till June 30, 2022 To Montessori School With 2 Five Year Options ($7,000 Till April 30, 2019 Then $8,000 / Month Till June 30, 2022. 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. New Roof 2016. 17 Parking Spots In Front + More On Rear Ramp.
Property Details
Category
Multi-Use
Usage
Service Related
Zoning
Commercial & Residential
Total Area
5,074 Sq Ft
Office/Apartment Area
1,872 Sq Ft
Retail Area
3,202 Sq Ft
Lot Size
124' x 132'
Taxes
$14,030 (2018)
Parking Spaces
17
Air Conditioning
Yes
Listing contracted with Re/Max Hallmark Realty Ltd., Brokerage
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