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$ 15,000,000
Est. payment /mo
Active
12 Old Kingston RD Toronto E10, ON M1E 3J5
2 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Municipality Toronto E10
Subdivision West Hill
MLS Listing ID E12942218
Annual Tax Amount $32,869
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Excellent Kingston Rd Exposure-Mixed-Use Cash Flow Asset with Mid-Rise Redevelopment PotentialExecutive SummaryA rare opportunity to acquire a high-yielding, mixed-use property situated along the Kingston Road Corridor-a designated "Avenue" for intensification by the City of Toronto. This "covered land play" features stable commercial and residential income ($200,000+ Gross Annual) with lease expiries strategically aligned for a 2027 redevelopment window.Total Commercial GFA: ~8,675 sq. ft. Residential Component: Detached House (Currently Leased) Current Gross Income: ~$202,800 per annum Zoning: Commercial / Residential (Mixed-Use) Financing: Vendor Take-Back (VTB) interest possible for qualified purchasers.Investment Highlights1. Immediate & Stable Cash FlowThe property is anchored by a flagship showroom and warehouse tenant with a lease through March 2027. The tenant covers all interior maintenance and utilities, significantly reducing landlord "leakage." An additional residential unit provides diversified monthly income ($2,900/mo).2. Significant Redevelopment UpsideLocated within the Kingston Road "Avenue" framework, the site is a prime candidate for mid-rise densification. Recent precedents in the immediate area include successful applications for 10-12 storey mixed-use buildings. The site is perfectly positioned to capture the demand for "Missing Middle" housing and transit-oriented development.3. Operational Excellence & Low CapExThe asset has been meticulously maintained by the current owner-operator, who runs a professional HVAC company. All mechanical systems are in good operating condition, minimizing immediate capital expenditure requirements for the incoming investor. ***By Appointment Only***
Location
Province ON
County Toronto
Community Toronto E10
Area Toronto
Interior
Heating Yes
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 101.25
Lot Depth 351.0
Building
Building Age 31-50
Others
Security Features Partial
ParcelsYN No
Virtual Tour https://www.youtube.com/watch?v=oWh0XFlEX3o
Listed by HOMELIFE NEW WORLD REALTY INC.