Property Information:
Attention Investors! Looking for an excellent location that provides a healthy return on investment? You've foundit! This recently updated and super well maintained mixed use building with 2 residential and 1 commercial unit istruly a remarkable find. The building is located on the proposed LRT route with multiple future transit stops withinclose proximity, literally! Being on the corner lot of King St E, the property is exposed to high traffic and agreat amount of pedestrians passing by. About the building: Unit 1(Convenience store: Currently Leased for $2500+HSTmonthly with rent increasing to $2700+HST in July 2025, Approx. 1600 sq ft, desirable lease that is favourable tothe Landlord is in place), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2 bathrooms, Approx. 1000sq ft, unit has been fully renovated w/lots of upgrades), Unit 3(Residential unit: Vacant, but currently listed for$2400 + utilities, 3 beds, 1 bath, Approx. 890 SqFt unit has been fully renovated w/lots of upgrades), POTENTIAL fora 4TH UNIT in basement! All units have their own separate entrance. In addition, there is separate Hydro/Gas metersin place for the units. The Electrical room has been nicely organized and updated with 800 AMP services for thebuilding! Parking for more than 5+cars. Landlord only pays for Property Tax, Property Insurance & Water HeaterRental. Super low cost to operate the building as the Retail Tenant maintains the property (Snow, Garbage removal, &more).
Inclusions: Unit 1: Dishwasher, Stove, Fridge, Washer & Dryer, Range Hood. Unit 2: Stove, Fridge, Range Hood.
Exclusions : Tenant Belongings In Both Residential Units, Tenant Belongings In Convenience Store
Building Features:
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Floor Space:
3593 Square Feet