297 Old Kingston Rd
Scarborough, M1C1B4
UNAVAILABLE
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Retail
CATEGORY5,074 Sq Ft
TOTAL AREAE4322085
MLSIDContact 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.
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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
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Listing contracted with Re/Max Hallmark Realty Ltd., Brokerage
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