Property Information:
Attention Investors! Looking for an excellent location that provides a healthyreturn on investment? You've found it! This recently updated and super wellmaintained mixed use building with 2 residential and 1 commercial unit is truly aremarkable find. The building is located on the proposed LRT route with multiplefuture transit stops within close proximity, literally! Being on the corner lot ofKing St E, the property is exposed to high traffic and a great amount ofpedestrians passing by. About the building: Unit 1(Convenience store: CurrentlyLeased for $2500+HST monthly with rent increasing to $2700+HST in July 2025,Approx. 1600 sq ft, desirable lease that is favourable to the Landlord is inplace), Unit 2(Residential unit: Rented for $2600 + Utilities, 3 beds, 2bathrooms, Approx. 1000SqFt, unit has been fully renovated w/lots of upgrades),Unit 3(Residential unit: Vacant, but currently listed for $2400 + utilities, 3beds, 1 bath, Approx. 890SqFt, unit has been fully renovated w/lots of upgrades),POTENTIAL for a 4TH UNIT in basement! All units have their own separate entrances.In addition, there are separate Hydro/Gas meters in place for the units. TheElectrical room has been nicely organized and updated with 800 AMP service for thebuilding! Parking for more than 5+cars. Landlord only pays for Property Tax,Property Insurance & Water Heater Rental. Super low cost to operate the buildingas the Retail Tenant maintains the property (Snow, Garbage removal, & more).
Inclusions: Other,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