Alex Prasoulis
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$2,500,000

Danforth Retail Building with 2 Apartments (Danforth / Broadview)

Price: $2,500,000

Status: Sold 

MLS®#: --

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$2,500,000
  • Community:North Riverdale
  • City:Toronto
  • Type:Commercial
  • Style:Commercial/Retail (Apts-2 To 5 Units)
  • Beds:4
  • Bath:3
  • Size: 3,300 Sq Ft
  • Basement:Unfinished
Description

- 3 Storey, End-Building With Superior Street Exposure

- Lot Size is 18.34FT x 86.83Ft

- Annual Property Taxes: $14,729

- 3rd Floor Residential Apartment is 1,100 square feet with 2 bedrooms & 1 bathroom. Brand new renovation recently. Large outdoor balcony. Currently Vacant. Potential Rent of $3200 per month.

- 2nd Floor Residential Apartment is 1,100 square feet. 2 bedrooms & 1 bathroom. Tenanted (month-to-month). Large outdoor balcony. Current Monthly Rent: $1,441.60 monthly 

- Ground Floor Retail Unit is 1100 Sq Ft and is currently tenantad at $5,254 per month

- Commercial Tenant Annual Proportionate Share: $10,564 

- ANNUAL NET INCOME: $110,236.19

- Cap Rate is 4.4%

- Extra Windows & A Wealth Of Natural Light Throughout

- Brand New, Smartly Renovated Third Floor, 2 Bed-Flat With Private Rear Balcony

- Main Currently Operates A Trendy Boutique Clothing Store

- Unbeatable Location, Steps From Subway & Directly Across From Green P Parking

- 1 Parking (Can Fit 2 Small Cars).

- New Phase 3 Electrical.

- New Windows Upper.

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Alex Prasoulis

Broker of Record

iListRealEstate Inc. Brokerage

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