3,414 ft2
None
Forced Air
$1,500,000
MIXED-USE INVESTMENT OPPORTUNITY. Corner location at Islington Ave. & Rexdale Blvd. Building area approximately 3,414 sq. ft. (MPAC): ground-floor commercial 1,800 sq. ft., two separate 2-bedroom residential apartments 1,614 sq. ft. combined. CR zoning permits variety of commercial and residential uses. INCOME: Ground-floor commercial unit leased to established nail salon: $4,424.78/month + HST. Tenant responsible for utilities except 50% water. Commercial lease expires September 30, 2027. Two residential apartments on month-to-month basis at $1,850/month each; tenants pay hydro. Gross annual rental income (before HST): $97,497.36 (commercial $53,097.36 + residential $44,400). LOCATION: Prime Rexdale corridor near SmartCentres, shopping, restaurants, and amenities. Excellent TTC access and convenient Highway 401 connectivity. Three rear parking spaces. PROPERTY FEATURES: Ground-floor retail separate from residential access. Corner visibility for commercial tenant. LEASE STRUCTURE: Commercial lease in place until September 30, 2027, providing stable income. Month-to-month residential tenancies offer future flexibility. Flexible possession available. *Do not attend property without a booking made/confirmed by a Realtor* (id:50976)
Property Details
|
MLS® Number
|
W13663208 |
|
Property Type
|
Retail |
|
Community Name
|
Rexdale-Kipling |
|
Amenities Near By
|
Highway, Public Transit |
Building
|
Cooling Type
|
None |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
3,414 Ft2 |
|
Type
|
Residential Commercial Mix |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Size Depth
|
173 Ft |
|
Size Frontage
|
38 Ft ,10 In |
|
Size Irregular
|
38.89 X 173 Ft |
|
Size Total Text
|
38.89 X 173 Ft |
|
Zoning Description
|
Commercial Cr2 (c2;r1.5*1142) |
https://www.realtor.ca/real-estate/30142063/2282-islington-avenue-toronto-rexdale-kipling-rexdale-kipling
