3148 Kingston Rd Toronto, Ontario M1M 1P4
$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:26892)
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 | 9,078 Ft2 |
| 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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October 25 2023 06:25:51
Toronto Real Estate Board
Right At Home Realty