297 Old Kingston Rd

Scarborough, M1C1B4
UNAVAILABLE
297 Old Kingston Rd, Scarborough
Retail
CATEGORY
5,074 Sq Ft
TOTAL AREA
E4322085
MLSID
Contact Us
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.
Property Details
Category
Retail
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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