Sonia Chin
Broker
Re/Max Realtron Realty Inc., Brokerage
Independently owned and operated.
182 SHEPPARD AVENUE WEST, Toronto, Ontario M2N1M8
Cell: 416-891-7836Office: 416-222-2600
$15,000,000
Available - For Sale
Listing ID: E12942218
12 Old Kingston Road , Toronto, M1E 3J5, Toronto
| 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*** |
| Price | $15,000,000 |
| Taxes: | $32869.82 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 12 Old Kingston Road , Toronto, M1E 3J5, Toronto |
| Postal Code: | M1E 3J5 |
| Province/State: | Toronto |
| Legal Description: | Ptl 10 C1 Pl2504 |
| Directions/Cross Streets: | Kingston/Morningside |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Highway Commercial |
| Building Percentage: | T |
| Total Area: | 0.82 |
| Total Area Code: | Acres |
| Retail Area Code: | % |
| Area Influences: | Public Transit |
| Approximatly Age: | 31-50 |
| Sprinklers: | Part |
| Washrooms: | 2 |
| Outside Storage: | T |
| Crane: | F |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
| Sewers: | Sanitary+Storm |
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| HOMELIFE NEW WORLD REALTY INC. |
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Sonia Chin
Broker
Dir:
416-891-7836
Bus:
416-222-2600
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Toronto |
| Municipality: | Toronto E10 |
| Neighbourhood: | West Hill |
| Approximate Age: | 31-50 |
| Tax: | $32,869.82 |
| Baths: | 2 |
| Fireplace: | N |
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