901 Victoria St N Kitchener, ON

3148 Kingston Rd, Toronto, Ontario M1M 1P4 (26204834)


LOADING

3148 Kingston Rd Toronto, Ontario M1M 1P4

9078 sqft
Fully Air Conditioned

$8,690,000

Welcome to a rare and exceptional investment opportunity in one of Scarborough's most coveted locations. This recently updated, 2-Storey, 9078 sqft commercial plaza sits on a 0.54 acre lot, w/190ft frontage along Kingston Rd, and is strategically positioned near the picturesque Scarborough Bluffs, offering a unique blend of commercial success and potential for a 110,000 sf, 9 storey mid-rise condo development. Boasting a prime location, ample space, and incredible development prospects, this property is a true gem for investors and developers alike. 100% leased, WALT of 3.7 yrs and NOI of ~$220,000, this property provides a steady and diversified rental income stream. With Scarborough experiencing significant growth and revitalization, this property is primed for substantial appreciation in value.**** EXTRAS **** Preliminary feasibility studies have already been conducted, demonstrating the site's suitability for a mid-rise residential development. Capitalize on the growing demand for residential housing in the area. (id:50976)

Business

Business Type Other
Business Sub Type Professional office(s)

Property Details

MLS® Number E7241240
Property Type Office
Community Name Cliffcrest
Amenities Near By Highway, Public Transit

Building

Cooling Type Fully Air Conditioned
Size Interior 9078 Sqft
Type Offices
Utility Water Municipal Water

Land

Acreage No
Land Amenities Highway, Public Transit
Size Irregular 189.47 X 147.47 Ft
Size Total Text 189.47 X 147.47 Ft

https://www.realtor.ca/real-estate/26204834/3148-kingston-rd-toronto-cliffcrest

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Andrew Mo
Salesperson

(905) 695-7888

Right At Home Realty
1550 16th Avenue Bldg B Unit 3 & 4
Richmond Hill, Ontario L4B 3K9

(905) 695-7888
(905) 695-0900

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